BANKNIFTY Analysis 03-04-2023

1 Apr 2023

Key Resistance level is observed at 40900-40850.
Before going to break this level price give some retracement to 40500-40600 level again....so enter long here for targets of41100, 40250
(only Buy Side)
Intraday Sell plan.
Sell Plan:
40900 is a level where previously strong sell off happens now at least will get a pullback,
only few points u will get so be on the market momentum side for more points,
strongly no plan of selling. will be on buy side for Next key Resistance level of 41200.

Note 1: If opens flat will go for buying to 40900 level
If opens Gap up wait for retracement to 40500-40600 levels.
Keep in the buy side ..price wants to fill the gap.

Note 2: Price mostly in consolidation stage after a huge movement on upside....(40900-40500)

3 Apr 2023

Catatan

Price wants to come down ....40520,40470,40410 don't go long wait for long

3 Apr 2023

Catatan

price is in consolidaton....wait for break on either side.... until no positions....wait for long opportunity