Friday's closing was above 200EMA. BANKNIFTY closed stronger than NIFTY
RSI:42.62
ADX:17.39
MT Outlook: Short Buildup and ST Outlook: Short Covering
PCR:0.80 Max Pain:36400
Max CE contracts at 37000 (10.2 lakh) and Max PE contracts at 36000 (10.6lakh)
Definitely we are going to have a big gap up in BANKNIFTY as well
Entry above 37700
Upside Targets: 38000, 38365-38430, 38715-38775 (sorry forget to mention on charts), 39035-39100
Now, if gap up didn't sustain and trend starts reversing again then
Downside Targets: 36635-36705, 36045-36145, 35705-35750, 35150-35250
RSI:42.62
ADX:17.39
MT Outlook: Short Buildup and ST Outlook: Short Covering
PCR:0.80 Max Pain:36400
Max CE contracts at 37000 (10.2 lakh) and Max PE contracts at 36000 (10.6lakh)
Definitely we are going to have a big gap up in BANKNIFTY as well
Entry above 37700
Upside Targets: 38000, 38365-38430, 38715-38775 (sorry forget to mention on charts), 39035-39100
Now, if gap up didn't sustain and trend starts reversing again then
Downside Targets: 36635-36705, 36045-36145, 35705-35750, 35150-35250
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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.