Banknifty is at a critical level at the start of April Month.
If there is a Breakout or Breakdown in any direction then we may witness a highly trending month.
CMP 33500, Upside can be upto 40000 while breakdown may take Banknifty upto 28950
Strangle Option Strategy
Buy 40000 CE 29th April Expiry, CMP Rs 15 (Investment = Rs 375)
Buy 28000 PE 29th April Expiry,...
Magic Lines:
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS
ORANGE LINES ARE SELL LEVELS
IF OPENING 15MIN CANDLE TOUCH BLUE LINE GO FOR...
Bearish below 31920 for the targets 31800, 31660, 31520, 31380, 31200, 31080, 30860 and 30720. Bullish above 32340 for the targets 32480, 32620, 32860, 32980, 33120, 33420 and 33620.
Banknifty shows a clear trend of downfall in the coming week as Trendline got broke and indices might fall to 30,000 levels as it will act as the new support.
