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subhagghosh
Jul 3, 2020 7:56 AM

#banknifty Live update at 1:25 PM 3rd July Short

Nifty Bank IndexNSE

Description

No sign of strength in #banknifty intraday chart

Support is 21800-21700, downside till 21500 is on cards.
Comments
AnilChadda
Full manipulation push Banks up one day and down the next day, not sure Technical can comprehend manipulation game😐
subhagghosh
@AnilChadda, The best wat to trade is to try to ignore the noise.

Trade what is seen on the chart, today from morning BN looked weak, so we should have used bounce to buy puts and you must have made money.

At current GDP & economic situation, the fair valuation of Nifty should be 9600 but its trading above 10600, it's trading at a premium. You can help manipulation or operators game, trade with stop loss, and book small profits until you have clear conviction of a large trade.
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