Banknifty trade plan for 30/06/2023
Nifty is at ATH but BN yet to close above ATH.
It still shows the attempt buy bulls, but struggle here is for real.
there is a possibility to open gap up go lower on intraday and then reverse from resistance turning to support and close above ATH.
combining it with nifty a pull back for retest is due, so that makes sense.
Let bears digest the fact they failed, and then play safely directional.
Now buy on dip is confirmed, so if any gap down also it will be a buy.
It still shows the attempt buy bulls, but struggle here is for real.
there is a possibility to open gap up go lower on intraday and then reverse from resistance turning to support and close above ATH.
combining it with nifty a pull back for retest is due, so that makes sense.
Let bears digest the fact they failed, and then play safely directional.
Now buy on dip is confirmed, so if any gap down also it will be a buy.
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Just as analysed, Gap up resistance turned into support & day's high first target achieved