Short

Bank Nifty Preparing to gain for a bigger Fall

Updated

Bank Nifty is weak. It has recently broken the uptrend maintained in the past few weeks. However for the next 2 - 3 days a upside move is possible to be seen only to witness a greater fall in days following it.
Stay cautious and downsize your positions.

Note

BANKNIFTY achieved the taget much much much before than anticipated. The weakness was evident in the past 2 weeks and a very easy downward push has been witnessed.

Further looking for 17,500 as the crucial point to determine year's low in the instrument.

Note

PM announced 20 lakh crore package and market is gap up. A retest to 20,300 level and around is important for a greater fall.

Pivotal_Traders

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