Nifty Bank IndexUpdated BankNifty Levels for Friday 10th Nov
Banknifty is in rising wedge formation with either side of break out expecting a 1000 points move which ever side breakout happens
on higher side 44040 above it may see 1000 points to upside till 45000.On downside 43600 below sustains it will test 42500-42600 area again.
For friday Levels to trade since it is in uptrend buy on dip is more favourable then sell side anything above 43600 price sustains with positive price action go long for target of 43700,43770,43850,43900.Downside 43550 Below short for targets of 43400,43350,43250,43150.
on higher side 44040 above it may see 1000 points to upside till 45000.On downside 43600 below sustains it will test 42500-42600 area again.
For friday Levels to trade since it is in uptrend buy on dip is more favourable then sell side anything above 43600 price sustains with positive price action go long for target of 43700,43770,43850,43900.Downside 43550 Below short for targets of 43400,43350,43250,43150.
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All targets acheived above infact it gave second entry to long side in second session
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.