BANKNIFTY - DAILY TF - 08/03/2022 - TRADE SETUP
Hello Traders,
Yesterday as i told BANKNIFTY was opened GAP DOWN and it gets HUGE SUPPORT at our mentioned key level 32400.
32400 level acted as a greater support as price can't close below that level.
1) If tomorrow the 32400 level gets broken we can go SHORT and out next key support area would be 30920.
TARGET - 31000 if BANKNIFTY breaks 32400 level.
2) If tomorrow BANKNIFTY can't break the 32400 level. Then the nearest RESISTANCE will be 34000.
TARGET - 34000 if market give any LONG opportunity tomorrow. ( which may not be possible in this bearish phase )
Do comment your thoughts ...
Thank you <3
Yesterday as i told BANKNIFTY was opened GAP DOWN and it gets HUGE SUPPORT at our mentioned key level 32400.
32400 level acted as a greater support as price can't close below that level.
1) If tomorrow the 32400 level gets broken we can go SHORT and out next key support area would be 30920.
TARGET - 31000 if BANKNIFTY breaks 32400 level.
2) If tomorrow BANKNIFTY can't break the 32400 level. Then the nearest RESISTANCE will be 34000.
TARGET - 34000 if market give any LONG opportunity tomorrow. ( which may not be possible in this bearish phase )
Do comment your thoughts ...
Thank you <3
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