banknifty saw a crucial break above 20650 last week after a very longtime we saw a close above "21150" which will now act as a strong support on daily chart banknifty next retracement level is never 22050 (38.2%) when compared to nifty banknifty needs to catch up a lot nifty is near its 61.8% retracement level banknifty is looking good to break its major hurdle of 21600 now on lower time-frame index is capturing its major hurdles
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BANKNIFTY TRADE SCENARIO index will open slightly negative today which will be a great opportunity to buy index like earlier explained should look to conquer 21600 once "21600" is conquered and market sustains above those levels we are looking for a retest of 21800 and next target of 22250-22500
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we manage to hit 21800
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any dips towards 21600 to 21500 is a buy opporunity
Trade closed: target reached
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1st target is achieved on the banknifty today we wait for more now