BANK NIFTY is presenting a shorting opportunity as it breaks down from yesterdays low and the Weekly Pivot. The overall trend remains weak and probably it is heading into some kind of double bottom formation before a relief rally.
For now, BN seems to be trading in the range between 47,900 & 49,500.
Shorting target - 47,810
SL - Todays High
For now, BN seems to be trading in the range between 47,900 & 49,500.
Shorting target - 47,810
SL - Todays High
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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.