# Bank nifty can be played on long side as it appears bullish for next few days.
# the white trend line that was first broken on 22nd june opened for an upside till 35800 to 35900. A correction from there till 34525 which was a lower low formed after 33908 and a rounded bottom confirmed the bullish sentiment.
# First wave from 33908 to 35281 resulted in 1370 points move. A similar move of that magnitude from 34525 sets the tgt at roughly 35900
# one can go long on banknifty call options of july series or directly futures on a mild pull back to around 35250 with a Stop loss at 34980 and a target of 35900. If holding multiple quantity books gains on half at 35780
# also this trend line break out second time has happened after an inverted head & shoulder patter which is very bullish. So the trades are looking on upside. May be the target will reach in 3rd wave.
# the white trend line that was first broken on 22nd june opened for an upside till 35800 to 35900. A correction from there till 34525 which was a lower low formed after 33908 and a rounded bottom confirmed the bullish sentiment.
# First wave from 33908 to 35281 resulted in 1370 points move. A similar move of that magnitude from 34525 sets the tgt at roughly 35900
# one can go long on banknifty call options of july series or directly futures on a mild pull back to around 35250 with a Stop loss at 34980 and a target of 35900. If holding multiple quantity books gains on half at 35780
# also this trend line break out second time has happened after an inverted head & shoulder patter which is very bullish. So the trades are looking on upside. May be the target will reach in 3rd wave.