BANKNIFTY--42800 or 44400 ??
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Price is exactly closed at support level, at this level price taken the support multiple times...
we are still having some more points in the downside @43400 level...
if that breaks we will observe a great fall towards 42800 and 42000 levels...
wait until that breaks and retest...don't go for short side immediately...
we have a great support @42800 and 42000 levels...
If support fails to push the price up, then it will continue to move downwards up to 42800 levels..
If you are looking for buy side wait until price reach to any one of these levels...
or it may rise again from 43400 levels...without confirmation don't go for short side...
we are still having some more points in the downside @43400 level...
if that breaks we will observe a great fall towards 42800 and 42000 levels...
wait until that breaks and retest...don't go for short side immediately...
we have a great support @42800 and 42000 levels...
If support fails to push the price up, then it will continue to move downwards up to 42800 levels..
If you are looking for buy side wait until price reach to any one of these levels...
or it may rise again from 43400 levels...without confirmation don't go for short side...
Nota
wait for price to break the support and retest for short side...Nota
No short side....Nota
As long as price is above the 43200-43150 level...Nota
Don't go long immediately....consolidation to more downside possible... exit at 42800 level...Nota
will see tomorrow....
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
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