Trend deciding zone for bank nifty is 47200 - 47300. To be bullish, price have to sustain it. Price is trending around 47000 for few days and this week, it may give break out.. Pattern : Channel. Range : Medium. Trend strength : Good. Buy Above : 47320. Stop Loss : 47240. Targets : 47420, 47500, 47580 and 47640. Sell below : 47140. Stop Loss : 47220. Targets : 47060, 46980, 46880 and 46800.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.