protrader1969

BANKNIFTY for 14th January

Short
NSE:BANKNIFTY   NIFTY BANK
Like Nifty , Banknifty too restricted its entire day’s activity between high and low achieved during first 15 minutes. But range was bigger and banknifty was weaker amongst the two since it’s highs kept going lower. Except Yesbank, every other bank looked stronger today. On daily chart , Banknifty finished as a doji candle with lower high but higher low. A selling area was created on Friday which can be used for selling BNF tomorrow. It is marked on 15 min chart.
All the best. Happy trading.

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