Currently bank nifty is in no trading zone. we have caught big moves earlier. Its time to wait for the right time. nice up rally will only come above 38100 upto 38500. bears wait for the price to go down below 37300 only because then it will break both yesterdays low and that black trendline, then price will head towards 35000. black parallel channel will play an important role now. trade according to this chart.
1. if anyhow price reaches 38450-600 zones then it will be a good short. with minimum stop loss.
2. go long above 38100 for a target of 38500 with sl of 38925.
1. if anyhow price reaches 38450-600 zones then it will be a good short. with minimum stop loss.
2. go long above 38100 for a target of 38500 with sl of 38925.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.