[INTRADAY] #BANKNIFTY PE & CE Levels(26/02/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 46950 level then possible downside rally of 400-500 points upto 46550 Level & this rally can extend another 400 points if market gives breakdown 46450 level in todays session.Any Major upside only expected in case banknifty starts trading above 47050 level.
Trendnalaysis
XAU/USD (Selling Opportunity)Short Call on OANDA:XAUUSD
I have a selling bias on gold:
Printing LLs and LHs
Bearish divergence on 1hr
At resistance level
Also, DXY seems like it will get strengthen
As per the 10 years seasonals, gold has been bearish mostly.
Best of Luck!
Your feedback would be appreciated!
AUDUSD Price back now at strong weekly support, & rejected at the 38.2 fib level. Looks like price came back to retest broken resistance now turned support which a retest never occurred after price broke this key level in the past. I expect a rebound back to the upside, & AUD RBA rate statement tomorrow effecting interest rates could give the strength or weakness to bounce to the upside or break lower. We will see how that goes..