Bank Nifty has been trading in bearish channel respecting support and resistance, as in my previous analysis I suggested to buy Bank Nifty, but todays chart shows different view and it is not looking strong enough to go upward before expiry, it may retest the level 18300 again before going in upward direction. there may be good buying opportunity at 18300 and very less stop loss if breakout occurs downward.
Trade active:
Bank nifty approaching target 18300, hold till target.
Trade closed: target reached:
CLOSE Bank Nifty position. target completed cheers.