Hello Traders,
Today BANKNIFTY opened with a GAP down and closed near the opening.
This rally may continue tomorrow after some cooling period, So we should only enter when the Sellers take control.
Today's Low will be a greater support zone for tomorrow when BANKNIFTY breaks the previous day low we can go short.
As market was BEARISH we should go LONG only when Took support at 36615 or breaks above 37235.
1) GO LONG when BANKNIFTY breaks and retest 37235 level
TARGET -----> 37720.
2) GO SHORT when Previous day low breakout (36965) or facing resistance at 36615.
TARGET -----> 36262.
Do comment your thoughts...
Thank you <3
Today BANKNIFTY opened with a GAP down and closed near the opening.
This rally may continue tomorrow after some cooling period, So we should only enter when the Sellers take control.
Today's Low will be a greater support zone for tomorrow when BANKNIFTY breaks the previous day low we can go short.
As market was BEARISH we should go LONG only when Took support at 36615 or breaks above 37235.
1) GO LONG when BANKNIFTY breaks and retest 37235 level
TARGET -----> 37720.
2) GO SHORT when Previous day low breakout (36965) or facing resistance at 36615.
TARGET -----> 36262.
Do comment your thoughts...
Thank you <3