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.
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Strong resistance zone
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At channel support Breaking support will make it to bleed