Nifty Bank IndexUpdated Banknifty is trading is a box
Banknifty is trading in a box breakout on any side can lead to mentioned targets.
On the higher side my first target would be near 54800 and second target would be around 57000.
In case of breakdown from the mentioned support zone we can see 50500 soon.
I am biased towards the higher side looking at Private banks especially HDFC Bank.
Also I believe we can see 2nd target by end of this month (Mostly during the end of this months expiry).
Please note this is my personal opinion not a trading advice.
On the higher side my first target would be near 54800 and second target would be around 57000.
In case of breakdown from the mentioned support zone we can see 50500 soon.
I am biased towards the higher side looking at Private banks especially HDFC Bank.
Also I believe we can see 2nd target by end of this month (Mostly during the end of this months expiry).
Please note this is my personal opinion not a trading advice.
Trade active
Looks like the BN is breaking down not confirmed yet but.
As seen in my previous chart NF has already started sliding down with a head and shoulder pattern.
We need to wait for confirmation to take the bet.
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