BANKNIFTY
is currently framing a rising wedge pattern which has a high probability of breaking down side. If we look at the global trend, US and European market closed in huge red on Friday, breaking previous swing low and also SGX Nifty is indicating weakness. We may see a little correction in short term.
Don't execute any trade in between 34540 to 34880 ( NO TRADING ZONE ).
Trade as per price action.
In case of huge gap up or gap down, let the existing players decide the move of the market in first 15 minutes.
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