Bank Nifty analysis
Hi there. We can see a good move in both sides in Bank Nifty. For the upcoming week, if BN sustains above 34800, we can go long with the gap and other provided levels.
In case BN spends time near 34800, make sure to look for some reversals here for the provided levels for down side.
However, BN can be range bound between 34000 and 34800. The provided levels are given to trade after succesful breakdown/ breakout of 34000 and 34800 respectively.
If BN continues to travel between 34000 and 34800, what you can do is just scalp and take reversal with less quantity and a small SL.
Thanks.
In case BN spends time near 34800, make sure to look for some reversals here for the provided levels for down side.
However, BN can be range bound between 34000 and 34800. The provided levels are given to trade after succesful breakdown/ breakout of 34000 and 34800 respectively.
If BN continues to travel between 34000 and 34800, what you can do is just scalp and take reversal with less quantity and a small SL.
Thanks.
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