BANKNIFTY LEVELS 08/05/2023
BANKNIFTY ANALYSIS WITH LOGIC:
1. Considering this week levels if there's gap up in price on today intraday session, price should get reversal from 43070 level then we will short up to 42430 level with strong movement.
2. If there's gap down in price below 42430 level if there's any reversal at 42430 level with strong bearish 15m candle, then only we will short our positions up to 41960 level as our first target.
3. If price continues to move downwards, we continue to trail our positions till the level of 41140 as of second target.
4. If there's flat opening no trades shall be taken during first half intraday session.
Have a safe and profitable trading :)
1. Considering this week levels if there's gap up in price on today intraday session, price should get reversal from 43070 level then we will short up to 42430 level with strong movement.
2. If there's gap down in price below 42430 level if there's any reversal at 42430 level with strong bearish 15m candle, then only we will short our positions up to 41960 level as our first target.
3. If price continues to move downwards, we continue to trail our positions till the level of 41140 as of second target.
4. If there's flat opening no trades shall be taken during first half intraday session.
Have a safe and profitable trading :)
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