End of the Day Analysis: Banknifty👀
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1. After Gap Down Opening of around 440 points, selling has been seen till 11:15 AM, took support at 38495, but not a trending move.
2. After 11:15 AM, Recovery is there in Banknifty till 38990.
3.After a recovery, again selling was seen in Banknifty till the day low, i.e., 38500 & closed at 38616.
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Trade Summary:
After Opening, Put/PE trade can be taken after break of 1st 5 min candle range i.e., 38844 & book profit at 38495(around 175 points in options).
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Note: Not a trending day for option buyers😒
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Price Action Analysis❤️
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Hope you all have enjoyed
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