Ready for Long Position in BANKNIFTY ? Retracement Soon ?
1. Expecting some retracement in BANK NIFTY from 21900-920 levels keeping in mind if it will hold 21620-640 levels.
If levels of 21620-640 is breached Bank nifty might be heading for 21200-300 from current levels.
2. Bank Nifty shows channel movement in 15min chart and if this has to continue it might retrace from levels of 21800-920 towards 22300.
So keeping this mind, If buyers has to take back the control Bank nifty has to move above 21920-930 which might stretch upside towards 22200-22300.
Keeping in Mind one could enter Long in BANK NIFTY above 21920 for 100,150,200,300+ points target and keeping stop loss around 21620-640 levels.
If levels of 21620-640 is breached Bank nifty might be heading for 21200-300 from current levels.
2. Bank Nifty shows channel movement in 15min chart and if this has to continue it might retrace from levels of 21800-920 towards 22300.
So keeping this mind, If buyers has to take back the control Bank nifty has to move above 21920-930 which might stretch upside towards 22200-22300.
Keeping in Mind one could enter Long in BANK NIFTY above 21920 for 100,150,200,300+ points target and keeping stop loss around 21620-640 levels.
Trade active:
Target 1 of 100 pts done.
Trade closed: target reached:
High made 22230, done 300+ points today.
