Market profile based Banknifty(F) day trading high probable levels are: ( for Tuesday )
Plan A: it may take support in range of 31840-917 for a swing
Plan B: if selling is there We may see these levels under tgt »» 31600-31637
then after in further selling targets are 31435 zone
then after I expect to take a pause in BN or need to check activities during live market.
Plan C: If gap up above 32320, There buy on dip may be there if it holds at least 32200
Note advanced view:
BNF is trading near ATH, hence facing some consolidation cause of stucked buyers multi months back,
above 31500 fresh buyers may enter in market.
Disclosure- Personally I will use these reference points for my day trading, these levels are for ur help only, take trade decision with your experience and expertise only.
Thanks,
Neetesh Pathak
SEBI reg, Research Analyst
Full time trader, Fund manager