Sanjan91

Long bank nifty above 35430

Long
NSE:BANKNIFTY   NIFTY BANK
Bank nifty shows bullish run if it sustains above 35430. The first target area will be the supply zone and on breaking out the supply zone , trail profits until 36100.

Be absolutely sure of level 35430 and wait for the pullback before proceeding. Price above this sets the target as point D of bearish shark pattern XABCD.

Stoploss is placed on the previous swing high in 5 min timeframe.

Happy trading :)

This is not investment advice.
Trade closed: target reached: Profit booking area reached yesterday, which was the supply zone. Looks like price may consolidate near the supply zone. Hope you had nice profits. :)

Book your profits completely.

Comments

BN which price can we expect till next week expiry?
Pls reply me....
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Sanjan91 anandmutthanna
@anandmutthanna, hard to tell considering fed meeting on friday. Based the outcome, we could expect the index to violently move in the range 36100-34800.
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@Sanjan91, Heart full thanks for your kind response sir.
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@Sanjan91, Hi sir, can we see bank nifty above 36000 next 2-3 session?
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We might, but book your profits near 36000. We can't be sure of anything these days.
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good chart bro
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