Vasu_devan

NSE:BANKNIFTY - Tomorrow levels

Vasu_devan Updated   
NSE:BANKNIFTY   Nifty Bank Index
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

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

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.