BANKNIFTY INDEX FUTURES

BANKNIFTY FUTURES 05 August 2022

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Hope you found the zones useful today, it reversed from the first supply zone, came done 900 pts from open and consolidated for the remaining part of the day between two demand zones continuously.
Bank nifty increased its fall speed only after it broke the channel, that was the best entry point to short today.
W pattern failed today could not give the target due to global news.

Respect the zones and levels when u trade.

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