BNF needs to break 23128 to get bulls interested, if it is not broken it might fall again.
BN trading opportunity
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There is evidence that a flattening of the trend has taken place with each trend break resulting into more flatter curve. However when we read the volumes we are still in positive tracjectory, when we study price there is still positivity , THE MAXIMUM the bank nifty can fall is touch previous week's low i.e. 600 points down from here , however the BN has taken...
BANKNIFTY may fall down if we check for the 3 months candle movements
Hi, having a good trade thesis is half the job done , rest is observation and execution. Lets make the trade plan simple for the expiry. Key reference at 23800F . Bullish on hold above and bearish on hold below Hold of 23800F we will sell PE's and hold below that we will sell CE's The fact that maxpain is at 23800 also makes it interesting.
JUST LOOK AT FIGURE AND JUDGE WHAT MIGHT BE THE PATTERNS APPEAR? SEE ALL MY PUBLICATIONS, IT TAKES AT LEAST 30 TO ANALISE FROM DIFFERENT ANGLES, IF THE ANALYSIS SEEMS TO GIVE BOTH KNOWLEDGE AND PROFIT, THEN ONLY LIKE SUBSCRIBE AND SHARE TO YOUR FRIENDS. IF ABOVE 24146 THEN W PATTERN SEEMS A GOOD BULLISH . IF BELOW 23466 THEN IT IS A HEAD AND SHOULDER PATTEN...
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Head and shoulder in bank nifty and double top in nifty is going to form.
DEMAND AND SUPPLY ZONE. SEE ALL MY PUBLICATIONS, IF IT GIVES BOTH KNOWLEDGE AND PROFIT THEN ONLY LIKE REFER TO YOUR FRIENDS. MY SINCERE THANKS TO MY MASTERS TRADING PANTHULU AND NAYAN POKARKAR.
BANK NIFTY SUPPORT AND DEMAND AREA. SEE ALL MY IDEAS, IF IT THINKS ALL OF THEM ARE KNOWLEDGE GIVING AND PROFIT MAKING IDEAS THEN ONLY LIKE ME. MY SINCERE THANKS TO MY GURUS TRADING PANTHULU AND NAYAN POKARKAR.
Clearly BankPSU has a lot of catch up to do. CNXIT and Pharma index have outperformed the Nifty by a big margin.
SELL BANKNIFTY FUT @23235 SL 23300 TG 23100-23000