AbhishekHSinghCMT
Long

BankNifty- Worked twice as channel resistance

NSE:BANKNIFTY   NIFTY BANK
204 3 4
One channel & so many benefits- first it worked as resistance at 20264 & gave us a fall of 1000 + points to bounce from 19059 & look the beauty -same channel acted as resistance & BankNifty             made a high of 19816 -which again got restricted by the same channel giving us again 1000+ points.

Will it bounce from the channel support? -Time will let us know.

Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
In long (short puts) what is the spot target ?
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First, we need to see whether channel holds, then only we will plan our trades. Never catch a falling knife- we won't be always fortunate to escape the damage. so we will wait & watch for the green signal from the market.
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ajayww2 AbhishekHSinghCMT
Thank U
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