Nifty Bank IndexUpdated BNIFTY: Confined into a narrow range
BNIFTY :BNIFTY which gave a closer at around 46000 levels, seems got struck between its immediate support of 44800 and resistance of 46350. Sustaining above 46350 would make an attempt at 46780 followed by 47000+ and ultimately towards a positional target of 48000+.
Whereas drifting below 45800 on a closing basis likely to test 45000.
No trade from my end till it holds above 46350 decisively for a long trade or short trade till it fails to hold 45800.(For educational purpose only)
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Whereas drifting below 45800 on a closing basis likely to test 45000.
No trade from my end till it holds above 46350 decisively for a long trade or short trade till it fails to hold 45800.(For educational purpose only)
If you find this useful pl.give a like and a thumbs up
Note
as projected BNIFTY drifted below 45800 to 45600 levels.TGT 1 on downside doneNote
as suggested long trade initiated at above 46350 zooooooomed into 47000
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