BANKNIFTY--44300 or 43400 ??

Observations::
The Banknifty index has again strongly moved back up again from 43400 levels.
It has broken the supply zone @43700 levels..
tomorrow if the same level acts as support price is bullish and will reach again top side.

If price wants to test the supply @44300 level, it has to break the 44100 and 44200 levels.
these 2 levels are stronger so, we can observe a consolidation in these 2 levels,
and breaks upside and then fall back to below levels.

if price wants to consolidate we need a strong break to upside from 43900 levels...
it has to create a demand zone in this zone @43900.

If price falls below 43700 and from 43500 will gives pullback then will go for short.

Note::
if price is stuck between the levels,43900 to 44200 levels, weekly expiry is ranging.

评论:

评论:

If price not able to break 43900 level...and breaks 43700 then will go for short on retracement.