BANKNIFTY for 12th February

Please read my post on Nifty also to get complete perspective on markets. Banknifty (BNF) was much stronger than Nifty , today, if charts are to be seen. It ended slight above the opening price after the slide from high and also stayed above its opening low throughout the day. However, 31500 still looks a strong resistance and hence larger bracket remains as 31000 – 31500. Buying levels are shown on 15 min chart and resistance is 31500 where a sale can be attempted with Stop loss.
All the best. Happy trading.


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