ipuneet

Bank Nifty - took support from a long term trendline.

NSE:BANKNIFTY   NIFTY BANK
Bank Nifty managed to take support from a long term trendline , and rallied approx. 1000 points in three sessions.

Some correction at these levels is inevitable, any pullback upto 31540 should be utilised to create long positions. Incase there is no correction, chasing rally is not advisable.

31318 should be the stop for all long positions.

Delta neutral strategies should be utilised to trade at these levels, you may send me direct messages to know more about such strategies that offer very low downside risk.

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