Three paths have been identified for banknifty and applicable for next 5 trading days. Based on the Trendline and RSI Divergence, BNF is at reversal stage.
Voltas - Ready to short below the trendlines If hits SL then Buy for a target of 45 points
Maurti- Building for shorts.
Buy above the red zone for short term gain.
Apollo Tyres- ready to short below the support
BANKNIFTY- Long Only if goes above the marked rectangled
Buy or sell based on the breakout target 50 points from the breakout both sides.
I am on Short to earn some quick bucks. Lets wait and see which side it is going to give a breakout. Wait until the large breakout and profits will be small anyway.
Indigo - Long for short term