BANK NIFTY forming the triangle breakout pattern. Currently trading at crucial and phycological level of 36000. A profit booking can be seen at this level which may drag to 35500 (immediate support) below which may drag to 35000 (next support). Sustaining the 36000 may rally to 36,600 (First Resistance) break and sustain the first resistance may invite 37200+
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As mentioned before the profit booking has happened from 36040 to 35860 which is almost 200 points from the top!
Trade active
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Exact support taken at 35000 as clearly mentioned before
Trade closed: target reached
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Breached both the supports and heading towards 34500