Bank Nifty- Important Low@19252 with 5 Green Candles for Diwali

Oct 28, 2016

Wish You & Your Family A Happy & Prosperous Diwali. Enjoy with lot of sweets & fire crackers.

The bouce, which was evident in BN on expiry day looking to have impulsive nature & likely bulls are interested back again.

Trading Strategy

Look for a pull back in Bank Nifty either in the zone 19470-19480 or the zone 19430-19450 with strict stops below 19400. These zone could be seen as possible resting zones for push in the target zone 19580-19600 if it halts some time over there look to buy once again in the same zone as of 19430-19450 for another push upside but likely keep a watch 19252 -is a swing low -in any case BN should not go below that so one can also initiate buy calls with stops below that swing low.

Resistance Zone 19780-19820