Refer to previous analysis on 1 hr TF for Bank Nifty.
Banknifty broke the trendline upwards and then retested the same trendline.
Today on Daily TF it's bullish engulfing candle after descent downward movement, which can be potential reversal Signal.
New long in BN FUT can be initiated CMP 33120
OR focus on Buying Calls / CE for next expiry 15th April with positional view.
Next Target for BN 34100/34200
Banknifty broke the trendline upwards and then retested the same trendline.
Today on Daily TF it's bullish engulfing candle after descent downward movement, which can be potential reversal Signal.
New long in BN FUT can be initiated CMP 33120
OR focus on Buying Calls / CE for next expiry 15th April with positional view.
Next Target for BN 34100/34200
