Hello traders,
Clearly banknifty is bullish only and only above 38900. Till then it is sell on rise market
I have drawn a parallel channel and request you all to draw the same it might help you.
1. Market opens flat and breaks today low immediately short it with sl of 38520 for targets 38000 and 37700.
2. If market opens gap up but inside that channel then again take put with sl of upper trend line for same targets.
3. If market opens gap down not more than 100 points then strright away take put for immediate gains.
Do comment and if u like the analysis.please go through the profile too see previous analysis.
Clearly banknifty is bullish only and only above 38900. Till then it is sell on rise market
I have drawn a parallel channel and request you all to draw the same it might help you.
1. Market opens flat and breaks today low immediately short it with sl of 38520 for targets 38000 and 37700.
2. If market opens gap up but inside that channel then again take put with sl of upper trend line for same targets.
3. If market opens gap down not more than 100 points then strright away take put for immediate gains.
Do comment and if u like the analysis.please go through the profile too see previous analysis.