BANKNIFTY Monthly Analysis for April 2019
CPR and Third Layer of Camarilla Pivots are wider than previous month's -> Sideways market(likely)
Short @ R1/H3 and Long @ CPR/L3
Dotted layers can be used for reference for sideways market.
BANKNIFTY also opened withing H3 and L3, indicating a likely ranging market b/w H3 and L3.
If H4/L4 is breached and sustained, H5/L5 should be the target.
Short @ R1/H3 and Long @ CPR/L3
Dotted layers can be used for reference for sideways market.
BANKNIFTY also opened withing H3 and L3, indicating a likely ranging market b/w H3 and L3.
If H4/L4 is breached and sustained, H5/L5 should be the target.
Most likely reversal back to H1/H2