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cvsk123

Bank Nifty Analysis 1st Feb

Nifty Bank Index (NSE:BANKNIFTY)  
cvsk123  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns BANKNIFTY bankniftylevels
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trendanalysis chartpattern banknifty bankniftylevels
BANK NIFTY
ATM Straddle 38000 CMP is 1425

The long straddle is not a good idea. bcz it has to move 4% for break-even and one day to expiry

As per the chart, BANKNIFTY has to close decisively above 38400 for 38800 and 39400 Levels, it has to close below 37600 for 37200 and 36600 levels.
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