BANKNIFTY Analysis

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Key Resistance level is observed at 40100-40200
if price broken this level we are also in buyside but a retracement is needed to go further upside for targets of 40330 and 40500,40650.
Buy only when retracement is done to these levels 39900 or 39700.

Sell Plan: Until price breaks 39700 strongly no plan of selling. will be on buy side for Next key Resistance level of 40500.

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ملاحظة

price opened above Resistance ...wait for the reversal at @40330 level to give some retracement towards 40100,39900 and 39700.

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ملاحظة

If price breaks 40500 enter long trade for 40650 level.. after break again retraced enter at 40400 level

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ملاحظة

If price breaks again 40360 go sort for targets of 40260,40200,40080