Stock_Inshot

BNF View Trend Lines

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NSE:BANKNIFTY   Nifty Bank Index
On lower time Frame price continue on its uptrend Trend lines . As budget has given a good up move we need a good levels .
not in rush
Comment:
Going long with 34600 CE above 375-380 with 40 point Target
Comment:
If price Doesn't Not sustain above 34570 level my trade will not be executed, and if price rejects the level and try to reverse on 10 min CLBS , will go with PE side ,can see a correction .correction can be of two type
1. Time based
2. Price
lets SEE
Trade active:
34600 CE active at 378
Trade closed: stop reached
Comment:
Seems to be Time Based Correction with STOP LOSS Hunting ,taking support again.
Comment:
Time wise correction with uptrend can been seen , Tomorrow will see a new record. As till now the OI Data seems to be slow but with positive indication.
So, don't get trapped in PE carry-forward etc, be neutral . Don't Try to short .
All the Best MR. Market show as a new high tomorrow.

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