Nifty Bank IndexUpdated Bank nifty
48000 is acting as double bottom and bulls are trying to gain strength here. Bulls and bears will try to gain at 47900 - 48100 zone.
Buy above 48100 with the stop loss of 48020 for the targets 48180, 48260, 48400, 48520 and 48660. Price will be testing the trend line around 48600 and volume strength is needed to move up further. Price can move another 700 to 1000 points if it gain bullish strength.
Sell below 47900 with the stop loss of 47980 for the targets 47820, 47700, 47620, 47500, 47420 and 47340.
Always do you own analysis before taking any trade.
Buy above 48100 with the stop loss of 48020 for the targets 48180, 48260, 48400, 48520 and 48660. Price will be testing the trend line around 48600 and volume strength is needed to move up further. Price can move another 700 to 1000 points if it gain bullish strength.
Sell below 47900 with the stop loss of 47980 for the targets 47820, 47700, 47620, 47500, 47420 and 47340.
Always do you own analysis before taking any trade.
Trade active
Long.Trade closed: target reached
Done. 
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie
Option course on March 15.
Mail id : tradingplan4u@gmail.com
Option course on March 15.
Mail id : tradingplan4u@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie
Option course on March 15.
Mail id : tradingplan4u@gmail.com
Option course on March 15.
Mail id : tradingplan4u@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.