Bank Nifty view
Updated
Going by the Fibonacci theme we observed in Nifty we see that 243455-24350 is important level to watch out for... Also trend line resistance comes around 24380...
Buy above 24380 for target of 24500 / 24650 SL 24320
However If we see Price getting rejected in the zone of 24340-24380 then sell for target of 24251 / 24120 SL 24400
Zone of 24340-24380 is make or break zone... so trade carefully...
Take care & safe trading...!!!
Buy above 24380 for target of 24500 / 24650 SL 24320
However If we see Price getting rejected in the zone of 24340-24380 then sell for target of 24251 / 24120 SL 24400
Zone of 24340-24380 is make or break zone... so trade carefully...
Take care & safe trading...!!!
Note
Bank Nifty opened at 24374made high of 24377
And as suggested price got rejected immediately and it fell to make a low of 24243
Target 1 achieved
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