Nifty Bank IndexLong
Bank Nifty prediction for Monday
Updated
There seems to be a strong support by the bulls, to not let the index go down, but the last session was week for the bulls. as of today BNFTY maintained a good support given by 48500 level. Monday opening will be a gap down as those holding wants to exit at the earliest. but bulls will hold it from falling by 9:50 am.
there is a support around 48300 level. Hence, by 9:50 am Monday, Index will touch 48280 and from there will be flat till 11:00 am, and start rising to close at 48700 and On Tuesday a Gap up to close beyond 48010 level as that is the expiry day.
there is a support around 48300 level. Hence, by 9:50 am Monday, Index will touch 48280 and from there will be flat till 11:00 am, and start rising to close at 48700 and On Tuesday a Gap up to close beyond 48010 level as that is the expiry day.
Trade closed: target reached
Put sold at 100 % profit. Gap down as predicted
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