Banknifty Short Term Consolidation(2-3 Sessions)
In 4 Hour CandleStick Chart , banknifty tested resistance of 26700 and pulled back.
In 1 Day CandleStick Chart , Banknifty formed Shooting star + Doji Pattern.
This can lead to mild Consolidation for some session.
On Monday(11-06-2018) if Banknifty trades negative for 1-2 hours , then Short with target placed around near term support 26075.
If Trades Positive then don't take Short trade , before initiating long wait of 26700 Breakout for 27100 Target.
In 1 Day CandleStick Chart , Banknifty formed Shooting star + Doji Pattern.
This can lead to mild Consolidation for some session.
On Monday(11-06-2018) if Banknifty trades negative for 1-2 hours , then Short with target placed around near term support 26075.
If Trades Positive then don't take Short trade , before initiating long wait of 26700 Breakout for 27100 Target.
Order cancelled:
Did not take trade, since initial half of day nifty traded positive.
Will Update more on banknifty later once nifty takes proper Direction.
Will Update more on banknifty later once nifty takes proper Direction.