rakeshreddym

BankNifty Firday Could be a Black Friday ?

Short
rakeshreddym Updated   
NSE:BANKNIFTY   Nifty Bank Index
BankNity though it gave good move to upside today closed right at nose of good supply zone which previous kicked down nearly 1000 points to downside in one day(24th Aug reference). Keep on eye on 45000 to 44900 area any negative price action short it target 44770,44600,44400,44250. For long only if sustains above 45100 with good 15 mins candle close then trustworthy.
Comment:
now it is trading above 45100 resistance broke resistance easily no negative price seen at 45000 to 44900 area hence avoid shorting here black friday not happening :)
Comment:
Trade closed: target reached:

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