Nifty and BankNifty analysis for tomorrow(07/02/2022)

 Nifty chart

Nifty levels for tomorrow:

For Upside: 

• For a Small target, if Nifty opens below the trendline and in sometimes breaks this trendline then our first target will be 17600. 
• Make this trendline in your chart also.
• Or if the Nifty opens flat or small gap-up and breaks 17650 level with a strong candle then our first target will be 17780 and the second target will be 17880.
• Trade with strict SL and wait for breakouts.

For Downside:

• If the Nifty breaks the 17400 level with a strong 15 min candle then our first target will be 17250.
• And the second target will be 17100.

Trading setup for tomorrow 

• Don't trade at the beginning of the market, let it make price action or wait for 5,15 min candle.
• Avoid large gap-ups and gap-downs.
• All the levels in the chart will act as resistance and support, hope you understand.
• If the market opens flat or small gap-up then our first target will be 17780 and the second will be 17880.
• Trade with strict SL.

Disclaimer:-  All the information on this website is for educational purposes only, please do your own analysis before taking any trade. If you wish to trade in any of these, consult a certified investment advisor first. We will not be responsible for any profit or loss caused by you.

BankNifty Chart

BankNifty levels for tomorrow:

For Upside:

• If the market opens flat or small gap up and makes 15 min strong candle above the 38550 level then our first target will be 39200.
• and the second target will be 39400.
• Trade with strict SL

For Downside:

• If the BankNifty breaks the 38600 level then our first target will be 38400 and the second target will be 38200 or 38000.
• Trade with strict SL.

Trading setup for tomorrow 

• Don't trade at the beginning of the market, let it make price action or wait for 5,15 min candle.
• Avoid large gap-ups and gap-downs.
• All the levels in the chart will act as resistance and support, hope you understand.
• If the market opens flat or small gap up and makes 15 min strong candle above the 38550 then our first target will be 39200 and the second target will be 39400.
• Trade with strict SL.

Disclaimer:-  All the information on this website is for educational purposes only, please do your own analysis before taking any trade. If you wish to trade in any of these, consult a certified investment advisor first. We will not be responsible for any profit or loss caused by you.