BANKNIFTY has closed on a positive note with a 1.39% gain today. It opened flat and tested the sell level which was range low. It took support and buy triggered later above 45680 and hit 1st target very smoothly (45680-46179). Its a big event tomorrow and moves will be random and will be decided by announcement made by FM. I will personally avoid trading tomorrow and will suggest either not trade with very small position size.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 46180 then we will long for the target of 47250 and 48182.
For selling we need a 15 Min candle close below 45070. T- 44000.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
========== I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.