Banknifty is moving rangebound and since last 3 days its moving almost sideways.
Due to expiry good move expected today.
Look for Breakout above 44270 with volume for Bullish Trades, keep Target 44500 upside, Keep SL just below 44150.
Look for Breakdown below 44000 with volume for Bearish Trades, keep Targets 43800-43600-43400 , Keep SL just above 44150.
44150 is acting as pivot since last 3 days for trend change.
Banknifty is near ATH, My view for today is Bearish looking at the pattern of this week.
I am expecting a reversal near ATH.
Keep an eye on the Orange colour trendline Breakdown for Bearish trade.
These are my personal views. This is for educational and paper trading purpose only. Please consult your financial advisor before investing.
happy trading.
Due to expiry good move expected today.
Look for Breakout above 44270 with volume for Bullish Trades, keep Target 44500 upside, Keep SL just below 44150.
Look for Breakdown below 44000 with volume for Bearish Trades, keep Targets 43800-43600-43400 , Keep SL just above 44150.
44150 is acting as pivot since last 3 days for trend change.
Banknifty is near ATH, My view for today is Bearish looking at the pattern of this week.
I am expecting a reversal near ATH.
Keep an eye on the Orange colour trendline Breakdown for Bearish trade.
These are my personal views. This is for educational and paper trading purpose only. Please consult your financial advisor before investing.
happy trading.