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BANKNIFTY LEVELS 04/05/2023 BANKNIFTY ANALYSIS WITH LOGIC: 1. If there's flat opening or gap up price should retest 43295 level with 15m bullish candle, then only we will take long position up to 43450 as our 1st target. 2. If that trend continues, we will set 43600 level as our second target by maintaining trailing stoploss. 3. If there's gap down in price and closes below trend line with 15m candle we will short up to 43065 level. 4. Maximum range boundness can be seen during first half be careful. Have a safe and profitable day :)
NSE:BANKNIFTY
by ramsaisujan
BANKNIFTY LEVELS 02/05/2023BANKNIFTY ANALYSIS WITH LOGIC: 1. Considering new weekly levels if there's gap up in price it should retest 43295 level with strong candle then only, we will plan for long position up to 43600 level. 2. If price opens at 43600 level and gets rejected at the level, we will short up to 43295 level by maintaining trailing stoploss. 3. Consolidation may occur in between 43065 - 43295 levels. 4. If price opens on a flat note no trades shall be taken until it breaks 43065 level with strong bearish candle, we will short our positions up to 42550 level. Have a safe and profitable day :)
NSE:BANKNIFTY
by ramsaisujan