protrader1969

BANKNIFTY for 3rd December

NSE:BANKNIFTY   NIFTY BANK
Banknifty today also made a bearish candle like Nifty but with a long lower wick indicating that some buying did push its closing price. BNF finished as a red candle with lower high, lower low and lower close than previous candle. This is 2nd such occurrence in a row. Hence tomorrow’s move is crucial. If the uptrend needs to be intact, BNF should make a strong green candle. It on the other hand it makes a strong red candle, then we assume that this could be a start of some downward move. Please check my video posted on youtube under name Market Movers India for slightly more but similar content. No fresh levels were made today so we go by old levels as indicated on 15 min chart.
SL Triggered.
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protrader1969 Goutham3113
@Goutham3113, Yes.SL got triggered in BNF and NIfty reversed from marked Buying area. Today Banknifty was weaker than I thought it would be.
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