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TangoTrader22
Jul 24, 2016 6:49 AM

Bank Nifty: Struggling at long term resistance Short

Nifty Bank IndexNSE

Description

NSE:BANKNIFTY

Bank nifty is facing strong resistance at the midline of long term channel.

Also, most private banks are close to completing their long term tops. Read here:


We might see some retracement towards 18900 levels early next week, which should be a good level for positional short.with SL above 19150 and target around the strong support of ~17000

Comments
ZoomBara
Good Analysis..........Keep Posting
rsigna
So take profit around 18000?
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