Today Banknifty was Up by 669.90 Points or +2.15%. "A bear trap" as always when retailers becomes too much bearish about markets, moves like today by big players are common...!
Let's analyse for Tomorrow, Banknifty has given a very good breakout in 15 mins timeframe (refer above chart), looks like 30500 level becoming bottom.
Banknifty needs to be sideways atleast in 1st half for a sustainable upmove. Best buying opportunity for us will be on Re-test of trendline around 31500-31550 levels.
If Opened Gap down more than 200 Points, then you can short with SL. In any other case we will not look for shorting tomorrow.
Best of Luck for Tomorrow❤️👍
Let's analyse for Tomorrow, Banknifty has given a very good breakout in 15 mins timeframe (refer above chart), looks like 30500 level becoming bottom.
Banknifty needs to be sideways atleast in 1st half for a sustainable upmove. Best buying opportunity for us will be on Re-test of trendline around 31500-31550 levels.
If Opened Gap down more than 200 Points, then you can short with SL. In any other case we will not look for shorting tomorrow.
Best of Luck for Tomorrow❤️👍