As butterfly pattern suggest. go long inmorning hours then for short in Banknifty Futures and same can be applicable to Banknifty index.
AB=CD pattern formed in banknifty futures shows upward momentum. Applicable to banknifty index as well.. if banknifty open gapup. then this might not be applicable. look for fib levels given for exit. Good luck. Note:- i am new to tradingview. this is my first post.