Dgodcharter999

Dgodcharter999

Banknifty had been spending last 7 days in a narrow range . we had seen some selling pressure but bulls were able to hold the important level of banknifty. if banknifty closes above 38200 in daily time frame we can hold CE positions in long side for the entire week. and if breaks down the 37360 level in the daily time frame we can see a down side move.

Dgodcharter999

BTC has to retest it's breakdown level and already retraced to it's 50% fib level . so we can take a long entry here for a target of 44000 and 45200 with a stop-loss of 41500.

Dgodcharter999

HDFC bank looking good for buying above 1527 and stop-loss below 1480. it will move drastically because of the earnings on 13th of April. and as far the technicals are concerned its near the major resistance and already retraced 50% of the fibonacci levels.

Dgodcharter999

Banknifty had made a bullish flag pole pattern . If the flag breaks out then we will see 38800 level pretty soon . If anyone wants to take a long position in banknifty then make a position after a 1 hour candle close above 37900. and put stop loss below 37670. best of luck.