Bank nifty gave closing above 33500 which is a very bullish sign for Bank Nifty.. that is too after breaking down 33200 level in the morning which happened to be a breakdown failure
Keep and eye on these levels...
If Bank Nifty Crosses Above 33770(Strong Resistance) We can See 34000, 34220,and 34500
If Bank Nifty Crosses Below 32240(Strong Support) we can see 33000, 32780,and 32500
This Post is for learning purposes only...
If you are trading with the help of this..... Trade it on your own risk or consult to your financial advisor
Thanks sir... plz mention the Stoploss level sir..
AP4811
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@yuvaraja1987, hi sir....SL will only be decided by the trader who is taking the trade...as no body knows what kind of trader someone will be its totally depend on risk appetite of the person for example if you are a positional trader you can have at least Risk reward of 1:3 or more...(SL could be of 100 points or any good support/resistance area)but if you are intraday trader or scalper your SL should be low like 30-40 points