We will take the call for banknifty based on the close of the first 5 minute candle.
If there is a gapup, then we take the sniper to play the bullish side.
If it opens at the same level(as closed on Friday) or gaps down, then we take the short gun and play bearish.
I have provided the levels of support and resistance for both.
IMO, the market will be bearish, since the closing on friday was new the bottom of the Friday.
If there is a gapup, then we take the sniper to play the bullish side.
If it opens at the same level(as closed on Friday) or gaps down, then we take the short gun and play bearish.
I have provided the levels of support and resistance for both.
IMO, the market will be bearish, since the closing on friday was new the bottom of the Friday.