BANKNIFTY INDEX FUTURES

Banknifty Futures analysis

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Banknifty Futures forming hammer with long wick rejection (it means buyers were In control even though selling pressure was there )

Important key levels to watch out for intraday 🎯
And Go long when breakout of level 37450-37500 with Stoploss of 37400 and Target 37800

And
  • short / write only when it crosses below the 36850-36800 and with stoploss of 36950 and with Target of 36600

Banknifty will weak when it traded below the 37050-37000 level But short only after main level breakout due global negative sentiment market will more volatile

If you like it do follow and have good day cheers

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