Banknifty Levels for Tomorrow..
Trend : BULLISH
Sentiment : Positive
Expectation : Moderately BULLISH
Banknifty is forming Raising wedge pattern, High probability is to take a BULLISH move. If the lower trendline is compromised we can see down move.
Tomorrow if any Gap up open and Pull back to 39693 - CPR we can look for long entry. Any breakout of upper Trendline 40000 will be tested. So buying levels are 1) CPR zone and 2) Trendline Breakout retracement at PDH
If 40000 holds good, we can see further up move in Banknifty.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Trend : BULLISH
Sentiment : Positive
Expectation : Moderately BULLISH
Banknifty is forming Raising wedge pattern, High probability is to take a BULLISH move. If the lower trendline is compromised we can see down move.
Tomorrow if any Gap up open and Pull back to 39693 - CPR we can look for long entry. Any breakout of upper Trendline 40000 will be tested. So buying levels are 1) CPR zone and 2) Trendline Breakout retracement at PDH
If 40000 holds good, we can see further up move in Banknifty.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
