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BANKNIFTY – Levels and Plan for 15-FEB-2024

NSE:BANKNIFTY   Nifty Bank Index


📈 Gap-up Opening above 46200:

Look for buying opportunities near 46000 – 45854, with SL at 45713. Target is 46400.

Short trade if price slips below 45850 and trades below 45700, with SL at 45800 and Target at 45400.

⏸️ Flat Opening:

Consider a buying trade between 46012 – 45854, with SL at 45700 and target at 46400. On sustained movement above 46460, target is 46706.

Short trade can be considered below 45713 with target at 45396.

📉 Gap Down Opening below 45700:

Consider a buy trade near 45800 if price finds support at 45700 and quickly regains 45800 level. SL below 45700 and Targets at 46000 and 46404 on sustained movement above 46050.

Short below 45700 with SL at 45850 for the target of 45400 - 45300.

Please note that trading involves risks. Make sure to perform your own analysis or consult with a financial advisor before making any trading decisions.

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