POSITIONAL VIEW IN #BANKNIFTY CMP 34030 BANKNIFTY LOOKING VERY STRONG CMP SPOT LEVELS 34030 START ADDING BANKNIFTY JUNE MONTH 37000 CE CMP 240 ADD MORE AT 170 STOP LOSS - 140 TARGET - 500 600 700 800 ++
Today I entered short in BankNifty MarFUT @ 37400 stop loss as yesterday day's high in marfut Target 36400 black and red line are two key support level in between these level strong support zone break down of the red line and retest will lead good fall till 32000 it will turn banknifty in to the bearish territory otherwise it will get support in the 35500 level...
PRZ 23950-24000 stop loss 24250 view invalid closing above 24250 Target 23500,23000 & 22500 within 3-4 days .786 good reversal zone for Banknifty Apart from above analysis, bearish engulfing in 5 mins & inverted hammer in 15 mins chart Hidden bearish divergence clearly visible
Short Bank Nifty With SL above 31600 or Use 31400 CE Option as Hedge For Tgts of 31055 30860 30501 Buy 31300 PE hedge with 31400 CECall Option
Bank Nifty is about to form a top. It could drop to 20000.