BANKNIFTY
It will be a good idea to sit out( NO TRADE) during the phase of price visiting in the region of 41700 to 42000
If price pulls back to 41100 - 41200 and gets support it will be good region to go long since it offers good risk reward
In that case SL should be 40950 and can look for a target of 41500
It will be a good idea to sit out( NO TRADE) during the phase of price visiting in the region of 41700 to 42000
If price pulls back to 41100 - 41200 and gets support it will be good region to go long since it offers good risk reward
In that case SL should be 40950 and can look for a target of 41500
Trade active:
as mentioned getting some supply at 41690 area. Just early stages
Trade active:
Mean while Bank Nifty forming fantastic VCP. Keep an eye