Owl

Need close above 30400 or we might start seeing weakness

NSE:BANKNIFTY   NIFTY BANK
As you can see from today's price action, it is clear that BNF is in need of trigger to sustain above 30400, not sustaining above it is not a good sign for bulls and we might end up reversing to 29900 and 29500 levels if we can not close above this.

It is not advised to carry any positions today EOD , its better to book longs if any and be on shorter tf for trading for small profits.

Comments

What is this indicator u have used... plz share
+1 Reply
Owl ankurstg
@ankurstg, RSI, Heiken and ICHIMAKU
Reply
Spot on analysis bro....Its really amazing to go through your analysis.
Reply
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