Long - if we see upward movement over 35420 . Target - 35560,35600-800.
Short - if 15 mins candle closes below 35200 .target 35120,35087,34900.
this is just for educational purpose.
Do your own research before trading.
Can't say to go long until we see fresh breakout with good volumes over 35550.
Stay cautious- reason - 20ema is below 50 ema stating market is still bearish.
If market breaks the support there is a good opportunity to short.
Upto 0.9% of index can be taken as a target.
Note - 1.Rsi is showing bullish divergence in 15 mins candle.
2. Short only if support is broken and 15 mins candle closes below support.
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About me
banknifty trader.
