Somanathrout

banknifty buy idea

Somanathrout Updated   
NSE:BANKNIFTY   Nifty Bank Index
its looking banknifty might give a pullback , most of the index constituents are oversold in hourly time frame, trade according to the chart.
Comment:
stop triggered, exit position if any and wait for 37950.
Comment:
those who have followed my chart must have initiated a long position at 37948, as I had mentioned to wait for it. today as expiry with weekly close it is less likely to close below it, so keeping a stop at it a long position can be created for 38400 and 38750.
Comment:
stop triggered, exit
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