Swapilchoksi

Bank Nifty: Near To Major Demand Zone

Education
NSE:BANKNIFTY   NIFTY BANK
Hello,
BNF strong demand zone @ 30500-30800. I will prefer to short on bounce.

I will make a short position if it will come to 31500.
I will make a short position if it will sustain below 30900.
If it will be sideways that I may sell 31500 call
Comment: Bank Nifty Note: It will fill the panding gap near 30700. After fill the gap, trading range will be positive or sideways to positive.
This view will be canceled if it will sustain below 30500
Comment: I will wait for a bounce til 31300-350 or 31450-31550 to create a fresh short position. Or once it will sustain below 30900 then I may take a short position. Still No trade.
Comment: Today I have not taken any trade in Bank Nifty.
I will update for tomorrow after market.
Thank X

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