As far as Banknifty is Concerned,Its Price Action is also similar to Nifty
It is also making a Pole & Flag Pattern In 15 mins Timeframe & Tomorrow If one is planning for an upside trade,Let Banknifty Sustain above 48275 for 15 mins and Above That a Good Runup Towards 48400-450 is easily possible,Keep an eye near 48400 since Banknifty has taken multiple rejections in this area so be cautious
For Sell Side Trade Plan Only When We Go Below 47975 and sustain for 15 mins a good reversal move is possible whenever we have gone below this area for Reversal side,We have seen good downmove
Incase of more than 150 points Gapup/Gapdown,Trade on First 30 mins Funda
Tomorrow we also have Finniftyβs Expiry
Currently Trading Near a Very Strong Weekly Resistance of 21565,If it manages to go above that and sustain positively,We can possibly see aggressive moves on the upside,Since the banks which did not participated in the last rally are participating now
As said before when things look very good for Buyers,Sellers come and spoil the party,So for Reversal Trade Keep an eye Below 21430 If Finnifty Sustains For More Than 15 mins Below This Area,We can see some sharp Reversal Moves
In live market,If there is any good Opportunity or Observation,Will Share Here,Kindly be active during market hours
Ko'proq ko'rsatish ...