vanathi

Bank Nifty - Analysis for Nov 9

vanathi Mod Updated   
NSE:BANKNIFTY   Nifty Bank Index
Bullish pattern : Trend line support, rounding bottom, resistance break out. I have mentioned the levels the the video itself. Note : Develop flexibility and adapt market movement to be a profitable trader. I post analysis daily on indexes.
Comment:
Range formed so far is 41500 - 42000
Comment:
Because of the bullish patterns, even though price fall from 41939 in the opening itself, price is still bullish & moving sideways.
Comment:
The level I mentioned 41820 to buy is acting as resistance so far.
Comment:
Entered after the above updation when price closed above the resistance drawn. for 100 pts scalping.
Comment:
High : 41948 Low : 41667 Range move as I have mentioned in morning.

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