Hourly - BANKNIFTY Analysis

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BANKNIFTY is in a trading range(TR) and should be traded accordingly. Buy at the bottom of the range and selling at the top of the range. Price can do below or above the TR, but will get back in range. Breakout of this trading range will be complete until price show a follow through of the TR. Do not target the exact low and high of the TR, maintain 50 - 75 points gap.

Note: The TR low may shift to 51,600 and then 51,130 levels too. Range Broadening or Range shifting to down side.
Remember: 80% of the breakout fail in the market/TR