NIFTY is not moving in aligned with banknifty and any new CE position should only be initiated above 16400 only
16400 is a heavy resistance for nifty unless it break that level nifty will remain in bearish trend only.
Nifty analysis important levels are marked on the chart.
please always trade with stop loss to avoid big drawdown.
"if you "If you...
Banknifty has given a very good rise today and this shows positive signs about banks. We may see a gap up opening tomorrow
If it stays above 37700 then it's buy
And It's a good sell below 37700
for target 37400, 37200
I am still bullish on bank nifty
Market Outlook :
Nifty Bank is looking Bearish. Look for the support and resistance in the video then trade cautiously.
Please understand the price action before taking a trade.
Be Dynamic and Systematic in your Trades. Because the Market is Dynamic. Its nature changes every minute. Its Opinion is changing every second. So don’t be an Optimistic, Hopeful, Stubborn...