GOPISRI

Bank nifty trades and targets - 3/6/24

NSE:BANKNIFTY   Nifty Bank Index
Hello Everyone. The market was bearish but gave opposite moves to take SL few times previous day. Previous support has turned to resistance now and vise versa. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 50 points. Wait for 1 hour volatility to calm down before taking any trades. Let the premium come down then we can trade. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken.
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