Today expected slightly gap down opening in banknifty. Most crucial level for today's session is 23500 if banknifty successfully breakout this level then we will see strong bullish rally towards the 23950 due to short covering.
Buy JSWSTEEL above 287 Target 295 300 310+
Banknifty trading near very important resistance at 23200 if breakout of this level we will see a quick rally towards the 23500. Banknifty only week if trading below 22900 levels.
Banknifty will expected trade in between 22500-22900 today. But if banknifty breakout the 23000 levels we will see an extended bullish rally towards the 23200.
Today expected gap up opening in banknifty near 22500 levels. If banknifty breakout this level we will see next targets 22750 and 22900. The overall market is showing a bullish side rally.
Short Term: Buy Berger Paint above 569 Target 580 597+
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Banknifty possible moves Bullish side today. We will see banknifty trade between 22050-22450 in today's session. Its fewer chances to break 22500 levels today but if breakout we will see a further quick rally towards the 22750+.
Today is weekly expiry so we are getting a big range in bank nifty. First half possible we will see banknifty trade between range bond zone. The market trend is still in positive side but due to expiry, we will see high volatility due to profit booking.
Today's levels are most similar to the last trading session. According to put-call ratio its showing overbought market. Trade cautiously today with strict stop loss. Possible we will see some profit booking in today's session.
Possible gap up opening in banknifty above 22500 levels. If banknifty able to sustain above this level then we will see upside move till next strong resistance level 23050. It's less possibility to break 23050 and might see the reversal from 23050. This is the profit booking level for our long trend and we will wait for breakout 23100 level for CE options and...
Today possible flat opening in Banknifty near the last closing. Banknifty will trade between 21500- 21450 range. If bank nifty trading above 22100 we can initiate long for 22450+ target.
According to the global market today we will see a gap up opening in banknifty but possible it will trade between 21550 - 21950 which is major support and resistance for banknifty. Breakout level is above 21150+ and breakdown level is below 21400. Disclaimer: All levels and calls provided here are our personal view. Take call according to your risk management....
Today possible banknifty open with 100-200 points gapdown. If banknifty trading below 21200 we will see more downside. If banknifty breakdown 20950 level then next strong support is 20550. We will bullish view only if banknifty trading above 21550 in the first half.
Intraday and Short term: Buy Hathway 42-45 SL 38.50 Target 59 69 76