BANK NIFTY IN UPTREND
Updated
Bank nifty is trading above major resistances and is in uptrend there is a high probability of the trend continuation this week as well with minor profit booking the targets mentioned in the chart hold good for this week as long as Bank nifty is trading above 43000 level we can expect an upside move, should there be a breakdown below 43000 level and Bank Nifty trades below 43000 on a ONE HOUR closing basis then we can expect lower targets
Note
Both Target 1 and Target 2 achieved on the long side...closing position for today had taken 43000CE at average price of 304 exited at 596Note
After breakdown from its major support had taken 43100 PE both target 1 and target 2 on down side achieved closing position for the day..
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