Nifty Bank IndexShort
As Banknifty is in Bullish Terrotory but some downside expected
Banknifty is in Bullish mood but whoever knows SMC trading might know some PoI is pending just around 53400 and I am not in any mood to fight with market and get into any bearish trade without following any stop losses.
If banknifty touches the 53,400 mark then I will wait for confirmation with double bottom pattern which should must show higher high higher lows and then only I will trade with target upto 54932 for positional basis and for inraday I will trail after 54,200 because at any moment retracement can occur.
Hope the chart and marking helps you in next trading sessions.
If banknifty touches the 53,400 mark then I will wait for confirmation with double bottom pattern which should must show higher high higher lows and then only I will trade with target upto 54932 for positional basis and for inraday I will trail after 54,200 because at any moment retracement can occur.
Hope the chart and marking helps you in next trading sessions.
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