Banknifty fut levels for 26th April
Case 1 : Gap up opening
If opens in supply zone as marked on the chart (red area) and shows rejection, go for selling with target of the marked demand zone(green area).
If breaks trend area, then go for buying after retest.
Case 2 : Gap down opening
Wait for price to come to demand zone, then go for buying opportunity on trend reversal patterns (Inverted h&s, bull flag & pole etc.)
Case 3 : Flat opening
Sell banknifty fut with a target of the marked demand zone.
If opens in supply zone as marked on the chart (red area) and shows rejection, go for selling with target of the marked demand zone(green area).
If breaks trend area, then go for buying after retest.
Case 2 : Gap down opening
Wait for price to come to demand zone, then go for buying opportunity on trend reversal patterns (Inverted h&s, bull flag & pole etc.)
Case 3 : Flat opening
Sell banknifty fut with a target of the marked demand zone.
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