BankNifty trading in a 1000 point range since last 2 weeks until the range break out happens play at turning point locations high and lows of the ranges will be better.
Banknifty levels to react
44600 Above Long
Targets 44700,44780 ,44900
44350 Below Short
Targets 44250,44100,43900
(Reversal areas 44700-44800 and 45000 area to short with negative price action confrimation.)
Banknifty levels to react
44600 Above Long
Targets 44700,44780 ,44900
44350 Below Short
Targets 44250,44100,43900
(Reversal areas 44700-44800 and 45000 area to short with negative price action confrimation.)
Comment:
1 hour chart with support and resistance for reference
Trade active:
Comment:
at breakeven now
Comment:
booked 80 percent at previous day close area rest running at break even
Trade closed: target reached:
260 points trade closed
Comment:
(Reversal areas 44700-44800 and 45000 area to short with negative price action confrimation.) As menitoned in idea to play reversal at 44700 -44800 opened at previous day high did not sustained rejected means it will test atleast mid point of prior session's price action entered short grabbed 250 spot points done for day.