On daily chart banknifty is range bound from 38000 to 38800.
Trade this breakout buy above 38800
Target 39200
Sell below 38000
Target 37500, 37000.
For conformation let banknifty close out of this range.
Trade this breakout buy above 38800
Target 39200
Sell below 38000
Target 37500, 37000.
For conformation let banknifty close out of this range.
Trade active
Banknifty reverse from 38855. Mentioned resistance was 38861. One up move is done now. Now we need two day closing above 38880 for further up move.Closing below 38000 will take banknifty to 37200.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.