protrader1969

BANKNIFTY for 28th November

Long
NSE:BANKNIFTY   Nifty Bank Index
Banknifty made a new lifetime high today. The buying in banking stocks is driving BNF and that also is responsible for Nifty’s rally. BNF made a doji candle with higher high, higher low and higher close. Unfortunately, there are no clear-cut buying levels in BNF due to move seen today. On 15 min chart, I have marked a buying area which was shaped due to sharp move that took place in latter half yesterday.
All the best. Happy trading.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.