IIT-Trader

BANKNIFTY--43400 Acts as Resistance??

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NSE:BANKNIFTY   Nifty Bank Index
Observations:
------->> After Opening Gap down
--------->>BANKNIFTY again showing bullish pressure towards 43500, if 43360 level which is yesterday's Support if acts as resistance price is bearish again.
--------->>Go short :
If price breaks 43200 again, go short for targets of 43100,43050.
we have a demand zone @ 43000 may again acts as support.
---------->> Expiry may limit the price movement towards both side ,price is consolidates between 43500-43040 levels.
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