Banknifty Future Intraday & Positional viewIf you observe my previous day's analysis carefully, you will see that Banknifty reversed from the magic box. I always teach my students to trade near the magic box. That is a high probability trade set-up with good risk: reward. Banknifty future reversed from 43590. Just observe how my technical set-up perfectly works in the real market. I have shared the image in the image section.
Now, let's talk about today's trade setup. I have already mentioned in my previous analysis that Banknifty gave Daily, weekly and monthly breakouts. It was mentioned on October 17, 2022. After that, Banknifty rallied 5000 + points. I have again shared an analysis in which I predict that Banknifty can fall 5000-6000 points. I have shared that live tv chart of Banknifty's future in tradingview . Positionally, I'm bearish now. Market can reverse at any time. so, we can take an option trade of March month expiry with proper risk: reward.
In intraday, you can take buy trade above the magic box. One can short Banknifty future below 43563
