BANKNIFTY Potential Trade scenarios
From here based on candle and volume profile information, Looking at 3 potential scenarios in banknifty in near term in coming sessions.
1. Breakout above 27200 areas - so buy on hold above 27200 areas
2.test of 26800 zones and hold - look for short term weakness to test 26800 provided a hold below prev day VAH
3. break below 26800 for test back to 26380 - initiate further shorts on break and hold below 26800
all levels are provided on spot values
1. Breakout above 27200 areas - so buy on hold above 27200 areas
2.test of 26800 zones and hold - look for short term weakness to test 26800 provided a hold below prev day VAH
3. break below 26800 for test back to 26380 - initiate further shorts on break and hold below 26800
all levels are provided on spot values
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