thechama3
Short

BANK NIFTY || AN INEVITABLE DROP!

NSE:BANKNIFTY   NIFTY BANK
We got a bearish pattern on the banknifty charts (daily) which indicates upper hand for the bears and which tells that the present trend might take a breather. So it would be a good idea to sell on rise with SL of 29950 and targets of 29300/29160 for the short term.

All levels are Cash levels.
Comment: Did not hit the target nor did it hit the high but closed at the high of the day indicating bullish bias for tomorrow.. Closed with marginal profits.

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