You can spot the trendline formation in bank nifty and its right at the support area
We have to carefully watch for the level at 46500 to cross and stay on the positive side and can plan a trade .
Bank nifty is set to a new trend breakout ...
it can reach upto 48000+ but lets plan small for now ...
47100 set the level for entry with 80 points stop loss
and target is set to 47400.
Bank nifty after a sharp fall from today the market looks like its trying to go with negative side for few days as a small pull back ....
Look for level 47650 to test and show the weakness .. and then can trade for a low with small target .... can expect a market fall about 900 points ... mostly trade is for Expiry day movement ....
be carefull of the level...
A fresh possible movement of 300-450 points is expected for 11-03-2024 in bank nifty ... with 47700 being a level of trigger so wait for the level to test. 47500 CE strike could blast
Target 01: should be 48000
Target 02: should be 48150
Dont expect too much break out after 48150 because its already trading at Resistance ...
