#BANKNIFTY Short Term Positional View

#banknifty analysis on hourly time frame:-

Laxman Rekha 41,840 (above positive and below negative)

Friday DOJI on Daily timeframe on multi-year breakout 41,840, showing bulls are not confident on breakout and bears doesn't have the conviction to short.

Friday LH - 41,918-42,345, any side 15 min candles close can give you 500 points.

Lower time frame, 5th wave in progress, resistance area is 42,790 -42,930.

Time to stay alert in the market, when pasture is all GREEN, it's time to worry.

Always trade what you see, not what you feel.

Regards,
SG