BankNifty - On the Otherside of Fed (Fed Ke Paar)

The US Federal Reserve raised its benchmark lending rate which was already discounted by the market.

Hope you enjoy the short video. Thanks

Comment:

Snapshot Before Fed Decision

Trade closed manually:

10:40 am / 23rd March 2023

Last @ 40055

Day High @ 40119

Booking Partial Profits as we are in resistance zone upside in 40100-40125.


In opening session, Index breached 39835 - key / critical level but did not hold even for 15 mins & bounced back above 39835 - It was all trap for bears