Nifty Bank Index
Long

Bank Nifty exhibiting Bullishness again

104
Drop in Brent Crude rates followed by US Markets not falling further seems to have propelled further Bullish momentum in BN.
However, I won't be entering Long unless 51,330 is taken out strongly. I need to see strength of the Bulls, not a weak take out of the level.
If that happens today, I will plan to take swing position in BN for next weeks expiry.
I don't want to play today's expiry. Very risky proposition.
These are my pre-conditions to go long on BN.

I won't short BN under any circumstance!

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