BANKNIFTY--44300 or 43400 ??
Updated
Observations::
The Banknifty index has again strongly moved back up again from 43400 levels.
It has broken the supply zone @43700 levels..
tomorrow if the same level acts as support price is bullish and will reach again top side.
If price wants to test the supply @44300 level, it has to break the 44100 and 44200 levels.
these 2 levels are stronger so, we can observe a consolidation in these 2 levels,
and breaks upside and then fall back to below levels.
if price wants to consolidate we need a strong break to upside from 43900 levels...
it has to create a demand zone in this zone @43900.
If price falls below 43700 and from 43500 will gives pullback then will go for short.
Note::
if price is stuck between the levels,43900 to 44200 levels, weekly expiry is ranging.
The Banknifty index has again strongly moved back up again from 43400 levels.
It has broken the supply zone @43700 levels..
tomorrow if the same level acts as support price is bullish and will reach again top side.
If price wants to test the supply @44300 level, it has to break the 44100 and 44200 levels.
these 2 levels are stronger so, we can observe a consolidation in these 2 levels,
and breaks upside and then fall back to below levels.
if price wants to consolidate we need a strong break to upside from 43900 levels...
it has to create a demand zone in this zone @43900.
If price falls below 43700 and from 43500 will gives pullback then will go for short.
Note::
if price is stuck between the levels,43900 to 44200 levels, weekly expiry is ranging.
Comment
Comment
If price not able to break 43900 level...and breaks 43700 then will go for short on retracement.
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
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