Pratik_4Clover

Last Chance to find support or BNF would experiance fall

NSE:BANKNIFTY   Nifty Bank Index
As mentioned in last publication, I had suggested that close below 30400 would suggest weakness in trend, which has happened. Now Price is taking support in cloud and has closed within it. I would wait for tomorrow open and either going above 30400 or sliding down the cloud, today it was good for intraday plays as suggested, until this happens it will be same story. We will decide on positional when this action has happened, before that stick to intra.

There was also our FM meeting at around 3:15, I assume there are news which may impact price significantly in banking and non banking financial sector. So be careful!

Market is not rocket science, don't run after fancy indicators you see, simpler things work better, just master them.

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.