Looks like Bank Nifty is heading towards 18800 levels! Experts please comment
Comment:
Almost close to target of 18800. If it breaks this level then we can see BNF moving down to 18333. But I expect this to retrace after reaching 18800...
Trade closed: target reached:
Today low is 18802.35 so far. Can close the position.
Comment:
Today's low : 18,793.05
Completely Achieved!
Completely Achieved!
Related Ideas
@GaneshPaudel, Now it should retrace and wouldn't recommend to go against the trend unless its clear if trend is reversing. Rather wait and take position once the move is clear.
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@GaneshPaudel, If BNF breaks 18800 level then you can take short position till 18333. But it is too early to predict if its going to break this level or bounce back!
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