Boult2100

Bank Nifty - Bears beware of shorting BankNifty!

Long
NSE:BANKNIFTY   NIFTY BANK
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As expected and mentioned in the previous post that BankNifty might slip below 18200 and can trap bears. 17800-18050 zone is a strong support might bounce sharply from here. Nifty is also at support 7900-7940. Long only above 18050 closing.
Comment: 120 points up from the low of 17820 in a jiffy.
Comment: Bank Nifty broke 17800 and closed below it. Next target is 17000. Short at 17700 SL 18000.

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