BANKNIFTY ANALYSIS WITH LOGIC :
1. if there's is gap up in price. It should retest the recent candle high after that we can set our 1st target upto 41665 level.
2. If the price crosses with strong bullish candle at 41665 level we can set our second target upto 41995 level.
3. If there's flat opening we can expect range bound market between this levels 41665 - 41200.
4. If there's is gapdown and retests 41240 or 41200 level we can take long positions from 41240 - 41665 level.
5. Or if price closes below 41200 level we can short our positions upto 40950 level.
Further details i will update in market hours. Have a safe and profitable trading.
1. if there's is gap up in price. It should retest the recent candle high after that we can set our 1st target upto 41665 level.
2. If the price crosses with strong bullish candle at 41665 level we can set our second target upto 41995 level.
3. If there's flat opening we can expect range bound market between this levels 41665 - 41200.
4. If there's is gapdown and retests 41240 or 41200 level we can take long positions from 41240 - 41665 level.
5. Or if price closes below 41200 level we can short our positions upto 40950 level.
Further details i will update in market hours. Have a safe and profitable trading.
Trade active:
Now you can take long position