Good_Trading_Calls

Bank Nifty Update for Tomorrow |

Short
NSE:BANKNIFTY   Nifty Bank Index
I expect to see a retracement or pullback. Heavy selling can take place after the completion of Pullback.
We can have a range day or Bear Trend Day tomorrow. Nifty looks like to test 21000 on higher time frame.
I expect to take Short positions after pullback.
Comment:
Tight Channel. Breakout on 1H Chart. Expecting it to show some retracement. Breaking above White Line will launch a test to MA.
Very unlikely to see straight Bear BO to 21000.

Comment:
Range Day Today.

Comment:
More Explanatory Idea has been updated on other chart. You can see it by clicking on the chart below.

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.