Nifty Bank IndexUpdated BANKNIFTY Analysis 03-04-2023
Key Resistance level is observed at 40900-40850.
Before going to break this level price give some retracement to 40500-40600 level again....so enter long here for targets of41100, 40250
(only Buy Side)
Intraday Sell plan.
Sell Plan:
40900 is a level where previously strong sell off happens now at least will get a pullback,
only few points u will get so be on the market momentum side for more points,
strongly no plan of selling. will be on buy side for Next key Resistance level of 41200.
Note 1: If opens flat will go for buying to 40900 level
If opens Gap up wait for retracement to 40500-40600 levels.
Keep in the buy side ..price wants to fill the gap.
Note 2: Price mostly in consolidation stage after a huge movement on upside....(40900-40500)
Before going to break this level price give some retracement to 40500-40600 level again....so enter long here for targets of41100, 40250
(only Buy Side)
Intraday Sell plan.
Sell Plan:
40900 is a level where previously strong sell off happens now at least will get a pullback,
only few points u will get so be on the market momentum side for more points,
strongly no plan of selling. will be on buy side for Next key Resistance level of 41200.
Note 1: If opens flat will go for buying to 40900 level
If opens Gap up wait for retracement to 40500-40600 levels.
Keep in the buy side ..price wants to fill the gap.
Note 2: Price mostly in consolidation stage after a huge movement on upside....(40900-40500)
Note
Price wants to come down ....40520,40470,40410 don't go long wait for longNote
price is in consolidaton....wait for break on either side.... until no positions....wait for long opportunity
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**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
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.