BANKNIFTY ANALYSIS WITH LOGIC :
1. Considering new levels if price opens on a flat note we can expect range boundness in between 40820 - 40610 levels in second half we may expect upside movement.
2. If banknifty opens with gapup or forms long bullish candle above 40865 level and retraces on that level. we can set our target upto 41333 level by maintaining trailing stoploss.
3. If price opens below 40610 level we can short our positions.
4. Yesterday banknifty didn't respected our levels therefore finally it took strong support from 40610 level.
Have a safe and profitable day. THANK YOU :)
1. Considering new levels if price opens on a flat note we can expect range boundness in between 40820 - 40610 levels in second half we may expect upside movement.
2. If banknifty opens with gapup or forms long bullish candle above 40865 level and retraces on that level. we can set our target upto 41333 level by maintaining trailing stoploss.
3. If price opens below 40610 level we can short our positions.
4. Yesterday banknifty didn't respected our levels therefore finally it took strong support from 40610 level.
Have a safe and profitable day. THANK YOU :)
Comment:
If banknifty forms candle below 40610 short sell your positions upto 40435 level