Bravetotrade

Bank Nifty: The Confluence Zone

NSE:BANKNIFTY   NIFTY BANK
136 2 8
Currently in a confluence zone where a downtrend line meets the cypher PRZ. A downward reversal from this point may take BN back towards 23900-24000.

If there is to be a continuation on the upside, I would consider buying on a confirmation above 24400 for the target of 25000.

Trade Safe

Regards
Bravetotrade
Comment:
Where would u be shorting if it is on downside...?
Reply
Bravetotrade Parasuram
@Parasuram, If it goes down, I would look for confirmation below 24195. An aggressive trade could be below 24220.
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