Nifty Bank IndexShort
BANKNIFTY ON 15 MINS CHART
BNF SHORT SETUP
Due to MONATARIUM news and lockdown news Indian stock market saw negative sentiments with high volatility. Banks were bleeding out & there was a panic selling at same time SL’s getting hit. Looking at the USA market(It affect our market) there has been a positive sentiment because of good job reports & fundings rounds. But that won’t really affect our market because it’s their job report. Now looking at some data available with FII selling we are bearish.
CHART ANALYSIS
BNF has been trading below 200 ma, indicating major trend as bearish. It has also formed a Bearish flag n pole pattern & also a bearish wedge pattern with retest. We believe BNF can be under bears control for upcoming days, plan your trade accordingly & trad safe.
Due to MONATARIUM news and lockdown news Indian stock market saw negative sentiments with high volatility. Banks were bleeding out & there was a panic selling at same time SL’s getting hit. Looking at the USA market(It affect our market) there has been a positive sentiment because of good job reports & fundings rounds. But that won’t really affect our market because it’s their job report. Now looking at some data available with FII selling we are bearish.
CHART ANALYSIS
BNF has been trading below 200 ma, indicating major trend as bearish. It has also formed a Bearish flag n pole pattern & also a bearish wedge pattern with retest. We believe BNF can be under bears control for upcoming days, plan your trade accordingly & trad safe.
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