Banknifty positional view
Buy at 23500 sl 23200 target 24500 - 25000
10 week consolidation range breakout level is 23200 so if bnf manages to sustain above said level on weekly closing basis then create long position.
Short below 23100 sl 23300 target 22500- 21800.
Same view if index manage to sustain below 23200 on weekly closing basis then we should consider this as false breakout and create short.
For educational purpose only.
10 week consolidation range breakout level is 23200 so if bnf manages to sustain above said level on weekly closing basis then create long position.
Short below 23100 sl 23300 target 22500- 21800.
Same view if index manage to sustain below 23200 on weekly closing basis then we should consider this as false breakout and create short.
For educational purpose only.
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