As we can see nifty bank is at a crucial level around the all time high area, i would be very cautious in going long as well as short at this time, so it is better to wait for some important levels to break either on the up or the down side.
In the attached image I have marked key levels on both sides based on the technical analysis. For the long side 43228 and 43386 are key levels to look for, and for going short(my personal favourite based on the technicals) 42769 and 42556 are important.
So, keep these levels in mind and plan your trade accordingly, the key is "watch your risk"!
In the attached image I have marked key levels on both sides based on the technical analysis. For the long side 43228 and 43386 are key levels to look for, and for going short(my personal favourite based on the technicals) 42769 and 42556 are important.
So, keep these levels in mind and plan your trade accordingly, the key is "watch your risk"!