#BANK NIFTY - Likely Target Analysis with Each Expiry Explained
Bank nifty had been consolidating between 37500 to 38000 levels for last one week maybe due to the Rbi Meet. Now the decision has been taken and the event is behind us.
i am expecting bank nifty to break 38 k tomorrow and reach a target of 38300 / 38550.
this is also a zone of consolidations and will act as a key resistance point. Banks specially the pvt sector banks are doing well which will act as catalyst to fire up bank nifty.
key levels to watch for coming expiries will be 38200 / 38550 and then 40 k.
Had carried a long trade entry since Friday with sl at 37100 levels and expected targets as mentioned.
i am expecting bank nifty to break 38 k tomorrow and reach a target of 38300 / 38550.
this is also a zone of consolidations and will act as a key resistance point. Banks specially the pvt sector banks are doing well which will act as catalyst to fire up bank nifty.
key levels to watch for coming expiries will be 38200 / 38550 and then 40 k.
Had carried a long trade entry since Friday with sl at 37100 levels and expected targets as mentioned.
Trade active:
my targets are still intact ..and sl safe