The plotted levels on the chart should be considered only when BANKNIFTY opens flat on 29-09-2023.
If BANKNIFTY opens GAP-UP or GAP-DOWN on 29-09-2023 then the following calculations must be considered:
Level 1 = OPEN PRICE (29-SEP) -78.80
Level 2 = OPEN PRICE (29-SEP) -235.75
Level 3 = OPEN PRICE (29-SEP) - 117.80
Level 4 = OPEN PRICE (29-SEP) + 78.80
Level 5 = OPEN PRICE (29-SEP) + 235.75
Level 6 = OPEN PRICE (29-SEP) + 117.80
Level 7 = (Level 1 + Level 2) / 2
Level 8 = (Level 4 + Level 5) / 2
The yellow, purple, and white coloured lines plotted on the attached chart are strong reversal levels.
DISCLAIMER: This idea is only for educational purpose.
Комментарий:
44602.50 is the most important level now. If this level is broken, more upward movement is expected and BANKNIFTY might be unidirectional for the rest of the day.
Комментарий:
44764.50 is very important level for BANKNIFTY now. if price sustains over this level then sky is the limit for BANKNIFTY for rest of the day.