Trade Setup for 11-02-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up...
BankNifty opened below our sell level and we saw sharp selling in the morning, BankNifty remained in bearish territory for the entire day and we saw some recovery in the last 30 mins.
BankNifty is not aligned with Nifty, either BankNifty would give the breakout so we would see Nifty coming down. For tomorrow, we can see some volatility after 1:30 so Option...
Today will be slightly gap up opening in banknifty. After opening expected upside movement upto 35950+ level. 35950 will act an immediate upside resistance for today's session. Strong upside movement possible if banknifty give breakout of this resistance and started trading above 36050 level. Downside only possible if banknifty trading below 35450 level.