20995 - 19995 is the range for BankNifty,
Breakout of 20995 or 19995 range on either side will provide further direction. 19456 is significant for positional longs.
My personal opinion is the down trend or correction is "task unfinished" buy Friday rally was too strong. A confirmation of downside is necessary to take short side trades.
With weakness in Dow future, at best our markets can consolidate for a day or two and take further direction from Dow or Reliance.
TRADE WITH CAUTIONS, USING RISK DEFINED STRATEGIES.
My personal opinion is the down trend or correction is "task unfinished" buy Friday rally was too strong. A confirmation of downside is necessary to take short side trades.
With weakness in Dow future, at best our markets can consolidate for a day or two and take further direction from Dow or Reliance.
TRADE WITH CAUTIONS, USING RISK DEFINED STRATEGIES.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.