BANKNIFTYIt will be a good idea to sit out( NO TRADE) during the phase of price visiting in the region of 41700 to 42000
If price pulls back to 41100 - 41200 and gets support it will be good region to go long since it offers good risk reward
In that case SL should be 40950 and can look for a target of 41500
Trade active
as mentioned getting some supply at 41690 area. Just early stages
Trade active
Mean while Bank Nifty forming fantastic VCP. Keep an eye
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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.