TECHNICAL ANALYSIS OF BANKNIFTY FOR TUESDAY AUG 02, 2022.
AS WE SEE FEW DAYS AGO IN THE TECHNICAL ANALYSIS, MARKET IS CONTINUOUSLY UPTREND MODE, AND WE GOING TO DISCUSS ABOUT TUESDAY'S MARKET ANALYSIS. BANKNIFTY'S TECHNICAL LEVELS IS MOST POWERFUL FOR TRADE TUESDAY'S SESSION.
BANKNIFTY HAVE A RESISTANCE LEVEL 37935, WHICH IS BIG LEVEL. BANKNIFTY ON TUESDAY WITH CONSOLIDATION OR BEARISH, 90% CHANCE WITH TECHNICAL LEVEL. WE ARE NOT BULLISH TILL BANK WILL BREAK THE RESISTANCE LEVEL OF 37935. AFTER THAT, WE THINK ABOUT BULLISH TRADE.
IF MARKET GIVES FLAT OPENING OR GAP-DOWN OPENING -
BANKNIFTY 1HR
BANK NIFTY CREATES A DOJI AND RESPECT THE LEVEL 37935. VERY HIGH CHANCE FOR FLAT OR GAP DOWN OPENING TUESDAY. IF MARKET OPENS WITH GAP DOWN OR FLAT THEN ENTER AFTER BREAKDOWN OF THAT DOJI AND KEEP BIGGER TARGET FOR BIGGER RETURN.
RISK REWARD
IF MARKET GIVES GAP-UP OPENING -
BANKNIFTY 1D
THERE IS NO TRADING ZONE IF MARKET OPENS WITH GAP UP. NO TRADING ZONE LEVELS - 37935 TO 37760. IF BANKNIFTY BREAKS NO TRADING ZONE THEN WE WILL DISCUSS ABOUT IT TOMORROW. BUT WE ARE NOT GOING TO CE / BULLRUN SIDE, BIG RISK IN CALL OPTIONS. GLOBALLY MARKET IS BULLISH NIFTY IS ALSO BULLISH SIDE.
WARNING - THESE ALL INFORMATION IS FOR EDUCATIONAL PURPOSE ONLY, NOT FOR REAL TRADE AND OWNER OF THIS PAGE IS NOT SEBI REGISTERED.
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