BANKNIFTY LEVELS 12/05/2023
BANKNIFTY ANALYSIS WITH LOGIC:
1. If there's flat opening or gap down and form 15m bearish candle we can short up to 43070 by maintaining traling stoploss.
2. if price gets reversal from 43070 level with 15m bullish candle we can take lng position up to 43465 level
3. If there's gap up and crosses 43600 level with 15m strong bullish candle we can tale long position up to 43885 level by maintaing trailing stoploss.
4. Try to take ATM strike prices while placing trades.
Have a safe and profitable day :)
1. If there's flat opening or gap down and form 15m bearish candle we can short up to 43070 by maintaining traling stoploss.
2. if price gets reversal from 43070 level with 15m bullish candle we can take lng position up to 43465 level
3. If there's gap up and crosses 43600 level with 15m strong bullish candle we can tale long position up to 43885 level by maintaing trailing stoploss.
4. Try to take ATM strike prices while placing trades.
Have a safe and profitable day :)
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