ipuneet

Bank Nifty - recovery could not last long, 30600 must hold.

Short
NSE:BANKNIFTY   NIFTY BANK
Bank Nifty opened gap up, on the back of Kotak Bank news, some other bank too recovered from the lows.
But this rally was not sufficient to shift it in positive territory.

I would advise not to take naked trades on budget day and Monday, just keep en eye on how it responds at maor technical levels.



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