Bank Nifty Spot - 17.06.2021
Banknifty Spot opened gap down @ 34882 levels and made an intraday low @ 34458 breaking the support zone @ 34600
Banknifty Spot has a shooting star in weekly chart having a low @ 34374
prices are below ema
one can initiate a short position below 34540 (Spot)
watch out for further downside below 34200
resistance @ 34800 (resistance is stoploss for short position that will be created below 34540 Spot
Banknifty Spot opened gap down @ 34882 levels and made an intraday low @ 34458 breaking the support zone @ 34600
Banknifty Spot has a shooting star in weekly chart having a low @ 34374
prices are below ema
one can initiate a short position below 34540 (Spot)
watch out for further downside below 34200
resistance @ 34800 (resistance is stoploss for short position that will be created below 34540 Spot