nextgen

Bank Nifty to trade upside up to resistance 19100

Long
NSE:BANKNIFTY   NIFTY BANK
Bank Nifty has been trading in down trend and trading in bearish channel respecting support and resistance , It closed last week with positive sign. It seems bank nifty may trade in upside movement up to the bearish channel resistance somewhere between 19100-19120 in near term. traders may enter long in bank nifty on retest of the support or near the support (buy on dip) or if breakout occurs downward exit with small stop loss.

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.