BankNifty - Double Top to Cap & Double Bottom sell below 21395

Below 21395 to sell for lower targets. Keep on trailing till market throws you out of the trade. Next Support could come into 20750-20800 zone.

Trade active:

13:58 Hrs 11th April2017

Last Price@21680

Bank Nifty has to sustain above 21725 for 5-10 mins for taking long positions.

Trade active:

15:21 Hrs 11th April2017

Last Price@21730

No momentum - price is just doing time pass. Markets about to close. Intrday call we will close -Not taking any risk for home.

Trade active:

10:25 Hrs 12th April2017

Last Price@21635

Current low@21555

Got out yesterday in long call above 21720. BN falls 150 points in an hour session today.

Trade active:

14:08 Hrs 12th April2017

Last Price@21660

Bank Nifty below 21700 looks weak - Axis looks weak - SBI looks weak- keep an eye on all.

Trade active:

14:20 Hrs 12th April2017

Last Price@21700

We will trade against 21730 as mind stops & below 21700 -it remains it will be under pressure.

Trade active:

14:55 Hrs 12th April2017

Last Price@21660

Shall look to book profits in close zone of 21585-21595 -if holds then I will exit - keep a watch -It kissses & starts moving back above 21600 or if remains below 21600 -then more bearish scenario.

Trade active:

15:10 Hrs 13th April2017

Last Price@21693

Today BN moved in tight zone & below 21700 - I have been telling several times -It is risky to take long positions & specially below 21700 if sustains for 1-2 days more or cracks down even before.

Do check at your end.

Trade active:

17:35 Hrs 16th April2017

Last Price@21686

BN is struggling to go down below 21600 or finding tough to stay on upside above 21750.
So, we will trade next only if it crosses 21750 above & stays above that level or selling below 21600.

Trade active:

09:45 Hrs 17th April2017

Last Price@21615

It is looking choppy again & can trap below 21600 if taken short -so I am changing the sell level to 21550 & below as it is not able to stay below 21600 in present situation.

Trade active:

10:55 Hrs 17th April2017

Last Price@21650

Out in time at 21610 from selling - looks like 21730-21750 can be an attempt again - going above 21750 & staying above can be more bullish or we drop again to 21630-21650 post going to 21730-21750 if it hlds on upside.

Trade active:

13:58 Hrs 17th April2017

Last Price@21625

BN loves 21600 so much that it comes close -Kisses & moves away -up- up & away -can it fly like a superman.
Be careful 21550 is a leakage point for BN downside.

Trade active:

15:20 Hrs 17th April2017

Last Price@21650

Bingo!

Bounced from 21600 again -this time touched 21650 - Not going down as suggested early morning.

Any sell positions we will take only below 21550.
Closing for the day. Enjoy rest of the day.