BANKNIFTY LEVELS 03/03/2023

3 Mar 2023

BANKNIFTY ANALYSIS WITH LOGIC :

1. If there's small gap or opens on a flat note price should retest the 40390 level. There after we can short our positions upto 40150 level.
2. If those trend continues and form strong bearish candle below 40150 level we will continue to short our positions till 39875 level
3. Or if the price sustains at support 40150 level forms bullish candle we can expect reversal upto 40390 level.
4. If there's huge gap up above 40390 level we can expect heavy volatile or range bound market in between 40645 - 40390 levels.
5. Try to maintain trailing stoploss as of now banknifty is slightly strong when compared to nifty.



ONLY FOR EDUCATION PURPOSE ONLY


HAVE A SAFE AND PROFITABLE DAY :)

3 Mar 2023

Not

At 40950 level there will more chances of rejection. Be careful

3 Mar 2023

Not

Banknifty @40950 Broken with strong bullish candle

3 Mar 2023

İşlem aktif

Upto 41240 level you can take long positions

3 Mar 2023

İşlem kapandı: hedefe ulaştı

41240 level reached

3 Mar 2023

Not

41455 another resistance level.