BankNifty Analysis and Levels for 17.02.2021
Levels marked. Trade accordingly. Levels might not be exact but prices will react +/- 50 points.
Scenarios:
Gap up above R1. Bullish. Buy on dips near levels marked looking at price action.
Gapdown S1. Look for PA near S2 for a buy. Should work as a good demand zone. If not blind buy near S3 after one candle green close.
Flat opening: If price sustains above S1 till 9:30. Can buy.
Remember to trial SL. GREENS should never goto RED. #NoGreed
Scenarios:
Gap up above R1. Bullish. Buy on dips near levels marked looking at price action.
Gapdown S1. Look for PA near S2 for a buy. Should work as a good demand zone. If not blind buy near S3 after one candle green close.
Flat opening: If price sustains above S1 till 9:30. Can buy.
Remember to trial SL. GREENS should never goto RED. #NoGreed
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