BANKNIFTY 02-01-2023
Banknifty Levels to watch out for tomorrow Above 43450- 43600 Below 43950-43850
If the market Open Fat will not take any trade in B/W 43100-43500 Range
If the market Open Gap Up will wait for 43550 to 43600 range to be sustain fail to sustain will short immediately looking at the initial 3 min candle price action SL will keep above the First red candle or above 43600 level will adjust the position size accordingly . If any consolidation near day High will exit at any cost. if it sustain above 43600. 43800 expecting 44400 up coming week.
if the market open gap down market need to be trade below 43100-43000 level . 42800 and 42500 are the expected T.R. For that wait for 43000- 42950 to be re-test and fail to go short. if it is a huge gap down No trade aggressive short only after BNF braking 42600 and need to sustain. considering Global markets in RED
If the market Open Fat will not take any trade in B/W 43100-43500 Range
If the market Open Gap Up will wait for 43550 to 43600 range to be sustain fail to sustain will short immediately looking at the initial 3 min candle price action SL will keep above the First red candle or above 43600 level will adjust the position size accordingly . If any consolidation near day High will exit at any cost. if it sustain above 43600. 43800 expecting 44400 up coming week.
if the market open gap down market need to be trade below 43100-43000 level . 42800 and 42500 are the expected T.R. For that wait for 43000- 42950 to be re-test and fail to go short. if it is a huge gap down No trade aggressive short only after BNF braking 42600 and need to sustain. considering Global markets in RED
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