Hello Traders,
BANKNIFTY was in a TIGHT CONSOLIDATION for nearly 6 trading days within 600 points.
It was consolidating between 37235 --- 38000.
When market was in a consolidation state, it gives a strong move when the BREAKOUT occurs. ( on either direction )
1) GO LONG when BANKNIFTY Break and retest above 38000.
TARGET ----> 38600.
2) GO SHORT when BANKNIFTY Break down and retest 37235 level
TARGET -----> 36615.
As market was closed for past 4 days we can expect a volatile market tomorrow.
Do comment your thoughts...
Thank you <3.
BANKNIFTY was in a TIGHT CONSOLIDATION for nearly 6 trading days within 600 points.
It was consolidating between 37235 --- 38000.
When market was in a consolidation state, it gives a strong move when the BREAKOUT occurs. ( on either direction )
1) GO LONG when BANKNIFTY Break and retest above 38000.
TARGET ----> 38600.
2) GO SHORT when BANKNIFTY Break down and retest 37235 level
TARGET -----> 36615.
As market was closed for past 4 days we can expect a volatile market tomorrow.
Do comment your thoughts...
Thank you <3.
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