faizankaliwala

bank nifty analysis

Long
NSE:BANKNIFTY   Nifty Bank Index
As we can see that bnf (bank nifty) has gave a good rally and broke the all time high and this is the healthy correction so for next week this is my plan for bnf

1. so First this about bnf i like the most is it gave a fake-out where most of the newbie trader got trapped, i also the like the level where it came from which fib level .786 lev and know i will be waiting for re-test of 37700 level and SEE the PA (price action)

2. if bnf didn't give us the retest and just get start falling from here then i will be waiting for 37600 level of get touch and buy their i won't short bnf until it break 37450 and sustain below it

3. i more interested in buying because i see bnf making inverse H&S over his highs but lets see how market give us a opportunity
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