Nifty Bank Index

Bank Nifty - Analysis for Nov 11

Updated

Yesterday bears were not strong enough to push the price to 40900 which implies bulls are still in control. Today there will be gap up opening. Buy above 41820 with the stop loss of 41760. Targets are 41960, 42080, 42200, 42340, 42480 and 42600. Bearish below 41640 with the stop 41720 for the targets 41520, 41400, and 41280. Use the given levels if price opens above 42000.

Note

BN will move within the range for some time.

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Note

42000 is a stron support. Bulls will do their best to protect it. Trade accordingly.

Note

Hidden bulls are powerful.

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Note

Above 42000, 42080, 42200, 42340 done. Patience pays.

Trade active

Long

Note

42340 done. Price at resistance now.

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Trade closed: target reached

Thank you market. Nice trend. High 42345 low 41918

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Role I play here : Moderator.

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