nextgen
Short

Bank Nifty may reverse testing channel resistance

NSE:BANKNIFTY   NIFTY BANK
165 2 3
Bank Nifty             has been trading in bearish trend although there is a false breakout but it continued in the same direction. It closed on weekend at the resistance of bearish channel and there have been possibility to reverse from this level to the support of channel somewhere between 17850 in near term. traders may enter short in bank nifty             only if open red, if open above the trend line then there will be buy opportunity.
Trade active: stay short bank nifty
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