ANKNIFTY: Levels and Trading Plan for April 30, 2024
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Gap Up Opening above 49,600:
If BANKNIFTY opens above 49,600, it may climb to 49,729 and 49,933 but could trade sideways to negative thereafter. Failure to sustain above 49,212 and trading below it could trigger short trades targeting 48,990, with potential further downside towards 48,609 before a potential recovery.
Flat Opening:
In the event of a flat opening below 49,367 and trading below 49,212, BANKNIFTY might decline towards 48,990.
Gap Down Opening below 48,200:
If BANKNIFTY opens with a gap down below 48,200, it might initially target 48,990 before possibly bouncing back. Further downside could target 48,609 if 48,980 is breached.
Please note that these are potential scenarios and trading decisions should be based on current market conditions and individual risk tolerance.
Gap Up Opening above 49,600:
If BANKNIFTY opens above 49,600, it may climb to 49,729 and 49,933 but could trade sideways to negative thereafter. Failure to sustain above 49,212 and trading below it could trigger short trades targeting 48,990, with potential further downside towards 48,609 before a potential recovery.
Flat Opening:
In the event of a flat opening below 49,367 and trading below 49,212, BANKNIFTY might decline towards 48,990.
Gap Down Opening below 48,200:
If BANKNIFTY opens with a gap down below 48,200, it might initially target 48,990 before possibly bouncing back. Further downside could target 48,609 if 48,980 is breached.
Please note that these are potential scenarios and trading decisions should be based on current market conditions and individual risk tolerance.
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