Marketzone

Bankifty Cup Ready Handle is under getting Ready.

NSE:BANKNIFTY   NIFTY BANK
Bank nifty was under performing for Longer time. To push nifty upside we need some support from Bank nifty to bring 10300/10500 Levels. ICICIBANK Posted result on weekend. We have to wait and watch does ICICIBank make the Cup & Handle formation full or not.

Scenario 1: Long with Recent Low as stop loss (Based on Monday opening)

Scenario 2: Short below Friday low with 22700 As stop for 22000 Target.
Comment: Strong resistance zone
Comment: At channel support Breaking support will make it to bleed

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