Bank Nifty 2nd May 2023 Market Prediction

2023年4月30日

As we can see we are in bullish trend in longer and shorter time frame. The market sentiments states that our market will give a positive opening may be flat with 40 to 60 points or gap up with 120 to 240 points range with a big green candle. Then we can wait for retracement to take entry call side and our target would be 43600 and here at this range we will thing of shorting the market as i do not see market is going above this for mostly this week. Banknifty's trading range would be around 43600 to 43080. So trade accordingly with proper risk management and money management. I may be wrong but this just my analysis for this week. If Banknifty breaks the 43600 level then we can see a upside rally upto 44200.

Disclaimer: This is for educational purpose only. Please take advice from your financial advisor before taking any trade on the basis of my analysis. If you like my idea then support me with like and follow