if banknifty break 42120 level after some time, it will go downside up to 42000 and there after 41800 level.
if banknifty breaks 42000level then it may come down to 41800level. if it holds between 42000 and 42200 and breakout upside then it may to go upto 100 to 120 points a good move.
if banknifty open between 40945 and 41100, and market hold some time between them and it breaks 40945 level, it may come down to 40800 level. and when it breaks level 40800 then it may come to 40600 with very fast move as there are lots of entry for upside and there will be sl of the traders.
Banknifty me chart par bane channel k bich koi trade nahi lena(For option buyer) market jb is channel ko breakout yaa breakdown karega to hame trade milega.
Dekhiye jaisa maine apne pahle video me banknify ka analysis kar ke bataya the ki market jb range ko breakout karega to uper ki taraf trade milega or market range breakout karne k baad bahut teji se uper ki taraf nikal gaya
If market breakdown 40530 level it may come down to first 40400 and thereafter 40200 level.
If Banknifty trade below 39345, it would be a good trade for downside upto 39200
Now Banknifty near Resistance level. Here is no trade for upside move. Banknifty may move downside here and after that it may come upside
Banknifty reached up to 39901 very fast when it cross 39770 as per my analysis. Kindly see my previous video what i analysed for this trade.
Now banknifty is trading near 39700 range, When it crosses 39770 it will go upside fast may go up to 40200. Here the market will do Stop Loss of losts of traders when it cross 39770 and move upside very fast.