Learner_

BNF trade plan for 8th June

NSE:BANKNIFTY   NIFTY BANK
DOW gave some real good rally on Friday and ended up hitting a resistance zone and BNF followed the trend by rallying upside in last 45 min of Friday trading.

If DOW doesn't fall drastically on Monday morning, we may see good GAP UP opening for BNF

have plotted BNF upper resistance from GAP opening perspective if BNF GAP opens above 21575 , we may see upside taking it to next Fib levels , but if BNF GAP opens less than 21500 we may see a reversal. How sharp that reversal would be lot dependent on DOW behaving Monday morning

will update before market open based on DOW position

Happy Trading
Comment:

Comments

But Dow will open after our market closes.Is it correct how will you know the position on Monday morning.May be Sgx nifty
+3 Reply
Learner_ santoshkd
@santoshkd, Trading in the different Dow futures contracts starts at 5 p.m. Eastern time on Sunday evening. Trading closes at 4:15 pm on Friday. From Indian time perspective, it is 2:30 AM Sunday start
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santoshkd Learner_
@Learner_, Thank you for your information.Good work keep it up.
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this week bankniffty will touch 21900
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