ipuneet

BankNifty exceeding and sustaining 29750 may not be easy.

Short
NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
BankNifty showed some sign of weakness on Friday, which got confirmed today.

It may not be able to exceed and sustain 29750 tomorrow, avoid longs below 29550.

29373 and 29220, 29040 and 28911 are important supports, on the way down.

tomorrow is gonna be 1st weekly expiry in this revised peak margin regine, expect lower volumes than a usual expiry day.


Trade closed: target reached