Hi Traders,
Presenting my view with S & R zone in bank nifty. Of the two (ie Nifty & Bank Nifty ) the latter looks more strong and could lead to big moves in coming session if there are no external factors with every major bank close to year high and having consolidated at lower levels for considerable time.
Current levels of 43550-43630/640 can act as congestion zone with index remaining range bound before giving a big move on up or down side.
Trade on S & R zones with strict stop loss.
buy at support/ sell at resistance and trail stop loss in bank nifty for big gains.
Above are my views please do your own study and consult a registered broker before taking a trade.
Presenting my view with S & R zone in bank nifty. Of the two (ie Nifty & Bank Nifty ) the latter looks more strong and could lead to big moves in coming session if there are no external factors with every major bank close to year high and having consolidated at lower levels for considerable time.
Current levels of 43550-43630/640 can act as congestion zone with index remaining range bound before giving a big move on up or down side.
Trade on S & R zones with strict stop loss.
buy at support/ sell at resistance and trail stop loss in bank nifty for big gains.
Above are my views please do your own study and consult a registered broker before taking a trade.