Nifty Bank IndexLong
BANKNIFTY GEARING UP
Updated
SUMMARY:-
*banknifty is breakout of a bearish trendline on weekly as well as daily chart
*possible move towards 37500-37000 cannot be ruled out
*close above 200-ema will give us more and more confidence to stay long
*nifty is expect to go to new all time high
*banknifty once above 36k (close) will force short-covering
BANKNIFTY FUT TRADE
BUY@36075(ABOVE ONLY)
STOP@35600
TARGET@36425-36700-37000
*target will be adjusted more according to market situation
*falling dollar/inr and oversold market condition is indicating short-covering
*if stocks like hdfc bank and icici bank rally we can expect fii buying action
*banknifty is breakout of a bearish trendline on weekly as well as daily chart
*possible move towards 37500-37000 cannot be ruled out
*close above 200-ema will give us more and more confidence to stay long
*nifty is expect to go to new all time high
*banknifty once above 36k (close) will force short-covering
BANKNIFTY FUT TRADE
BUY@36075(ABOVE ONLY)
STOP@35600
TARGET@36425-36700-37000
*target will be adjusted more according to market situation
*falling dollar/inr and oversold market condition is indicating short-covering
*if stocks like hdfc bank and icici bank rally we can expect fii buying action
Note
PRIVATE BANK INDEX
Trade closed: target reached
ALL TARGET HIT 🙏🙏🙏🙏🙏
TRADERSMOJO TELEGRAM CHANNEL
*future calls
*option trading (buying)
*index trading (options and futures)
*index update and oi analysis
t.me/tradersmojo
*future calls
*option trading (buying)
*index trading (options and futures)
*index update and oi analysis
t.me/tradersmojo
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.