PowerTrades

02-Aug :BankNifty Updates

Short
NSE:BANKNIFTY   Nifty Bank Index
BankNifty is staring at a double top breakdown and is trading below significant long term moving averages on hourly charts. Option 1 is to initiate a short here with stops above 19000 levels or to wait for a breakdown of 18500. Downside targets can be 18150 levels

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