pangusanthai

BANK NIFTY - Positive trend on short term - 28000 ---> 29370

Long
NSE:BANKNIFTY   NIFTY BANK
BANK NIFTY shows strong support at 27800. 27800 level is very strong due to multiple support levels are in the same region. BANK NIFTY expected to move into retracement zone and reach target mentioned below. Price movement marked in charts.

Price will touch 28000 then bounce back to target. The ideal place to buy call is around 28000

Target 1: 28908
Target 1 Date: 22nd Aug, 2019


Target 2 : 29370
Target 2 Date: 28th Aug, 2019
Trade closed: stop reached: The prices headed toward the predicted direction till 19th Aug, but failed to achieve target on given dates. Lot many fundamental news in later day dragged the market downside.

Comments

Can we buy a month end call option ?
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pangusanthai thakurketant
@thakurketant, Yes, you can , this is vaild and price move as per expectation.
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Hi. Is this still valid ? Kindly update. Thanks
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