Nifty Bank Index

Bank nifty trade plan for 04/05/2023

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IF MARKET OPENS FLAT- and shows a price range on upper side of 43300-43460 then breaking of 43490 we can see sharp move target 43550. Above 43500 if price stays we can see 43640/43720/43830.
IF MARKET OPENS GAP UP- 100-150 points gap up & gave breakout above 43490 than upside targets cab be achieved.
IF MARKET OPENS GAP DOWN- 100-150 POINTS gap down and then breaks 43120 level than can see 43025/42940/42830. Below 42830 we can see a sharp fall
IF MARKET OPENS BIG GAP DOWN - if opens near 42800 than wait for price action as strong support zone is 42800-42850.
IF MARKET OPENS BIG GAP UP- wait for price action


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