rakeshreddym

BankNifty Levels for Wednesday 16th Aug

rakeshreddym Updated   
NSE:BANKNIFTY   Nifty Bank Index
Bank Nifty Important levels to look for 44250 above can long till 44400 to 44550 area,Below 43900 can short till monday's low of 43770 area.
With global markets bearish expecting a gap down if sustains below 43800 more fall expecting ,give 1 hour time for direction we can expect a move till 43500 to 43300.

44250 Above long
Targets 44400,44550,44600
43900 Below
Targets 43800,43600,43500
Gap down opens sustains below 43800 short targets 43600,43500,43300
Comment:
Comment:
Exited at 43900 area 200 points
Trade active:
43600 CE entry
Trade closed: target reached:
102 points closed trade
Comment:
i took the CE earlier with my experience in market, but as per idea given one would have got nice entry at 43900 area target one reached as of now

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