jayadrath

Bank Nifty done for the week

Short
NSE:BANKNIFTY   Nifty Bank Index
1
Similar to Nifty Bank Nifty looks overbought but more convincingly so. Unlikely to close on the higher than 18900. Next week if the irration exuburance continues than very unlikely to close above 19200. Safe to go short at current level with a closing stop loss of 18900.
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