BankNifty is showing signs of weakness. To achieve new highs, it needs to close above 49,975 on a weekly time frame. If it fails to do so, we may see a significant decline in BankNifty.
Traders looking for short opportunities can consider entering short positions with a stop-loss placed just above the 49,975 level on a weekly closing basis.
Traders looking for short opportunities can consider entering short positions with a stop-loss placed just above the 49,975 level on a weekly closing basis.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.