Bank Nifty Trade idea for 4 March
1. Markets are always there to surprise and trick retail traders. While the US markets looked positive and made a big recovery overnight the SGX Nifty did not reflect the gap up. One had to be prepared for downside move without bias
2. Key levels marked on both upside and lower sides. There are plenty of resistance on top thus,
on the upside, BN has to break the 35119 with a bullish 15 minute closing for long and next resistance area 35341
on the downside 34900 is holding up so aggressive trade can go short below 34850 levels and conservative safe trade entry can look short below 34700
1. Markets are always there to surprise and trick retail traders. While the US markets looked positive and made a big recovery overnight the SGX Nifty did not reflect the gap up. One had to be prepared for downside move without bias
2. Key levels marked on both upside and lower sides. There are plenty of resistance on top thus,
on the upside, BN has to break the 35119 with a bullish 15 minute closing for long and next resistance area 35341
on the downside 34900 is holding up so aggressive trade can go short below 34850 levels and conservative safe trade entry can look short below 34700