Banknifty Still in Selling pressure Banknifty still having selling pressure Don't even think to buy any bank nifty future or CE . Even Dont buy bank stocks for now
If the market open flat or small Gap up or Gap down then we can still short it or other bank stocks like axis , icici , kotak bank short
Gap level's indicated by blue lines
Wait for a signal if you are trading on indicators for confirmation
If you take a trade without trade plan or confirmation in any indicator or breaking support you'll definitely occur big loss it's not important small or big loss will be confirm
My view is bearish until a sideways market : Market cannot to uptrend directly from now it should make sideways and uptrend if it want to go uptrend
Tomorrow ill short axis and kotak if icicibank also if it gives only indication to sell
ICICIBANK
ICICI bank to ge tired here? Theory suggests soICICI bank received strong support at the trend-line as indicated by the arrows. By theory, a previous support acts like a resistance. ICICI bank is at that levels again and could find stiff resistance.
But if decisively broken, then the move could be huge.
Like and follow.
NSE:ICICIBANK
icici Bank - Technical Analysis - 15 min ChartClose below 499
it may be down to 496 to 480
then only upside will be start.
matter is stock getting to cross under prrevious low and
it should make structure down to lower low
Also friends some times wicks are playing
no problem not consider wick in this scene
wicks are play for stoploss hit
Becare