Banknifty can be bullish because of the these reasons
Hello Traders!
> After week's time largely major global index's have closed green in the last trading session.
> FII have bought in index future for more than 600cr
> In the month of Feb FII have created huge long positions almost at this rate. Now when price got a pull back from a long uptrend and almost there at feb levels.
FII's buy @ this level can be a good hope for the market.
> Find the signal on the monthly chart of nifty bank. (suggest you to take a look on the previous months candle)
> Buy @ dip can provide good profit chances. Manage your risk & reward on every trade.
> Support & resistance on chart.
Stay safe!
Idea provided for educational purpose.
> After week's time largely major global index's have closed green in the last trading session.
> FII have bought in index future for more than 600cr
> In the month of Feb FII have created huge long positions almost at this rate. Now when price got a pull back from a long uptrend and almost there at feb levels.
FII's buy @ this level can be a good hope for the market.
> Find the signal on the monthly chart of nifty bank. (suggest you to take a look on the previous months candle)
> Buy @ dip can provide good profit chances. Manage your risk & reward on every trade.
> Support & resistance on chart.
Stay safe!
Idea provided for educational purpose.
