If we talk about Bank Nifty then it is still looking weak on chart i.e. weekly as well as daily. On the daily chart, Morning Star has created in last week and next day Bullish Harami. This index trading in a range i.e. 28500 to 27600, as we caught previously 27600 is strong support here.
Here are no big levels for the buyer as well as the seller. We have to wait till “Breakout” or “Breakdown”. However, we can work with the same strategy i.e. buy near support or sell near resistance with chart confirmation.
Bank Nifty has resisted from its 200 DMA.
Here are no big levels for the buyer as well as the seller. We have to wait till “Breakout” or “Breakdown”. However, we can work with the same strategy i.e. buy near support or sell near resistance with chart confirmation.
Bank Nifty has resisted from its 200 DMA.
Comment:
Breakout given, see our next article
Trade closed manually
