BANKNIFTY View for 16th December, 2020
Higher TF Analysis -
4 Hr - Clear inside Candle formation
1 Hr - New Support of 30524 added (pivot)
30406 works as dynamic support
Lower TF analysis -
15 min - Narrowing of price
No trade until the 15 min channel breakout/breakdown.
If breaking the upside then T1 of 30810
If breaking the downside then T1 of 30406 and T2 of 30278
4 Hr - Clear inside Candle formation
1 Hr - New Support of 30524 added (pivot)
30406 works as dynamic support
Lower TF analysis -
15 min - Narrowing of price
No trade until the 15 min channel breakout/breakdown.
If breaking the upside then T1 of 30810
If breaking the downside then T1 of 30406 and T2 of 30278
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