BANKNIFTY - 03.02.2022
We can see that market is positive, and growth in economy.
On the expiry day, i.e., tomorrow if market opens 100-150 points Gap-Up or Flat or 30-50 points Gap-Down around levels = 39330 +/- 100
Then, market can be bullish and, with phycological resistance at round levels 39,500 or 39,800. These levels can be your target.
If market closes (on a 15 minute chart below the level @ 39,100. Market can be bearish up to 39,800.
If there is a sharp-selling profits can be booked till 38,000.
But, you have to be careful, especially in such Bullish Market, market can easily recover back and creating a Doji-type candle on higher frame.
On the expiry day, i.e., tomorrow if market opens 100-150 points Gap-Up or Flat or 30-50 points Gap-Down around levels = 39330 +/- 100
Then, market can be bullish and, with phycological resistance at round levels 39,500 or 39,800. These levels can be your target.
If market closes (on a 15 minute chart below the level @ 39,100. Market can be bearish up to 39,800.
If there is a sharp-selling profits can be booked till 38,000.
But, you have to be careful, especially in such Bullish Market, market can easily recover back and creating a Doji-type candle on higher frame.
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