BANKNIFTY can go anywhere now. It was a volatile day again and EOD BN gave up the gains. On 15MTF, one can see negative divergence. For Selling confirmation, BN needs to breach and sustain below 34525. For Intraday Buying, BN needs to sustain above 34670. Either side we may witness 300+ points movement. Enter the trades accordingly.
Trade closed: target reached:
Buy Side Triggered. High of 35112. TSL hit at 35050.