Innovatorsandyou
BANKNIFTY updatebanknifty is on support from here we can accept the bounce.
market can never fall straight even market will never rise straight their are several resistance and supports where market bounces and then start fresh rally in any side.
same happening in b\index now index is trading at support zone where we can see a bounce which can again give a good rally in down side for fall.
my view is bullish at least till expiry.
plan your trade accordingly
BANKNIFTY BULL RUNbanknifty is wokring in a channel which can be spotted in an hourly time frame also bounced from the support as in the chart if trendline is broken as shown in chart we can again see upside levels chances are very high of upside movement and a bull run.
40000 target might be coming in banknifty.
Multiple Time Frame Analysis of BANKNIFTYIn 15 minutes time frame we can see clearly BANKNIFTY working in a RECTANGLE box where upper side is a strong resistance market have changed the trend in BIG time frame but we need a breakout of resistance for confirmation bankifty if manages to control above 36800 we can see a good rally upto 37500/38000 straight.
ALWAYS FOLLOW PROPER RISK MANAGEMENT AND POSITION SIZING
HDFC Good short opportunity for INTRDAYHDFC is looking for short in INTRADAY a short can be done if opens gap up from 2710 or below 2660 if opens flat
ALWAYS follow proper risk management and position sizing