BANKNIFTY ANALYSIS WITH LOGIC:
1. If there's gap up price should form bullish candle above 42470 level then only, we will take long position up to 42820 level.
2. If there's flat opening on today's session price should reach 42238 level. If there's any rejection candle forms above this level, we can take long position up to 42365 level by maintaining trailing stoploss.
3. Or if the price gets rejection from below 42470 level, we can short up to 42238 level.
4. Maintain proper stoploss while placing trades.
Have a profitable day :)
1. If there's gap up price should form bullish candle above 42470 level then only, we will take long position up to 42820 level.
2. If there's flat opening on today's session price should reach 42238 level. If there's any rejection candle forms above this level, we can take long position up to 42365 level by maintaining trailing stoploss.
3. Or if the price gets rejection from below 42470 level, we can short up to 42238 level.
4. Maintain proper stoploss while placing trades.
Have a profitable day :)