On shortterm Basis Banknifty formed a BOX pattern last 2 days previously it was trading with the zone of 5 lines
Buy Above – 39810 TGT-1 39860 TGT-2 39350 TGT-3 39910 TGT-4 39960 TGT-5 40040 (39700 call option)
Banknifty can touch 40400 levels
Sell Below - 39640 TGT-1 39590 TGT-2 39540 TGT-3 39490 TGT-4 39440 TGT-5 39390 (39800 put option)
Max Down side 39100
As I always recommend Our Entry and Exit levels are our Targets and also the wedge and lines are support & resistance kindly use them as Entry & Exit Level
Buy Above – 39810 TGT-1 39860 TGT-2 39350 TGT-3 39910 TGT-4 39960 TGT-5 40040 (39700 call option)
Banknifty can touch 40400 levels
Sell Below - 39640 TGT-1 39590 TGT-2 39540 TGT-3 39490 TGT-4 39440 TGT-5 39390 (39800 put option)
Max Down side 39100
As I always recommend Our Entry and Exit levels are our Targets and also the wedge and lines are support & resistance kindly use them as Entry & Exit Level
39640-39495