BANKNIFTY extended the bounce after the scary fall. It as closed 1.38% in green. We planned to buy above 37520 index gave a good run till 36900. Next confluence zone is 37000.
Coming to tomorrow's trade setup, aggressive traders can long above 36920 if crosses with a flat opening. Safe traders should wait 37000 is sustained. Target will be 37100 and 37300 and 37500.
Short below 36500 if a 15 Min candle closes below this. Target will be 36350 36200 and 36100.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.