Bank Nifty Intraday Strategy
Hi Everyone ....
Hope you all are doing good :))
First of all yesterday US market down by 1000 points so maybe banknifty gives us a gap-down opening.
So Let's try to understand today's #banknifty chart,
Here we can see that banknifty taking a support near the level of 35100 and previously it takes resistance at the level of 35800 but now resistance shift down side at the level of 35600.
Now let's see how to trade today>>
1. As we know market open with a gap so if banknifty go below the level of 35100 then go for the PE till the target of 34700 also 34700 is a golden zone so 34700 works as a good support.
2. 35100 is also a good support if banknift fill the gap then go for CE till the target of 35600.
3. If we get banknifty near the levels of 35600-35800 the go for PE till the target of 35100.
That's all for the day.
Thank YOU:))
Hope you all are doing good :))
First of all yesterday US market down by 1000 points so maybe banknifty gives us a gap-down opening.
So Let's try to understand today's #banknifty chart,
Here we can see that banknifty taking a support near the level of 35100 and previously it takes resistance at the level of 35800 but now resistance shift down side at the level of 35600.
Now let's see how to trade today>>
1. As we know market open with a gap so if banknifty go below the level of 35100 then go for the PE till the target of 34700 also 34700 is a golden zone so 34700 works as a good support.
2. 35100 is also a good support if banknift fill the gap then go for CE till the target of 35600.
3. If we get banknifty near the levels of 35600-35800 the go for PE till the target of 35100.
That's all for the day.
Thank YOU:))
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