MARKET COMMENTARY : Bank nifty has clearly given a breakout above parallel channel which indicates a good control in the hand of bulls, sustaining around 21700 level will take it further high up to 22071 to 22500 level as well. Control of shift from bulls to bears will take place only below 21280 which can further drag it down to 20650 level.
APPROACH : As long as the bank nifty is trading above 21280 - 21300 level it should be buy on dips.
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DISCLAIMER : We at intelligence7 stock market institute is proving you the research study based on the current market scenario and the levels based on technical analysis, this should be considered as a case study for learning purpose and not as an advise to take a trade decision, so before taking any investment or trading decision kindly contact your financial advisor.
Trade active
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FIRST TARGET REACHED
Trade closed: target reached
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Bang on target almost 550 points up move from buy given