rakeshreddym

Bank Nifty Levels for Wednesday (Resistance getting cracks )

rakeshreddym Updated   
NSE:BANKNIFTY   Nifty Bank Index
Bank Nifty in range for a while, multiple times it is testing this resistance and getting weaker by every touch.

levels mentioned in charts break out trade to upside targets of 41800 to 42000,42200 for down side 41000 to 40800,40600.

Play the borders if it stays in range sell high buy low scenario.
Trade active:
only above 41800 sustains go long otherwise look for put option below 41700 stop loss day high.
Trade closed manually:
Scalped 40 points 8 lots 41500 PE bought at 151 sold at 192. done for day.

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