After opening gap-up today price BANK NIFTY could not retain the momentum :(
45624.00 level appears to be a good resistance level since price has tested that level multiple times in last couple of days
If BANKNIFTY opens gap-up tomorrow session and crosses ~45624.00 level, go long target can be 12th September session high
If BANKNIFTY opens gap-down and crosses 45544.00 level with good momentum then go short.
First Target - 45400.00
Second Target - 45297.00
Happy Trading :)
45624.00 level appears to be a good resistance level since price has tested that level multiple times in last couple of days
If BANKNIFTY opens gap-up tomorrow session and crosses ~45624.00 level, go long target can be 12th September session high
If BANKNIFTY opens gap-down and crosses 45544.00 level with good momentum then go short.
First Target - 45400.00
Second Target - 45297.00
Happy Trading :)
BKS
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.