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NPIRANHA

Bank Nifty - Long

Long
Nifty Bank Index (NSE:BANKNIFTY)  
NPIRANHA  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Technical Indicators BANKNIFTY bankniftytradesetup bankniftyview bankniftyanalysis bankniftylong
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Bank Nifty - In my Last Post , I have said 31500 is acting as Strong Resistance.
Today Global Trend was down but Nifty & BNF opened Gap Down and
also broke imp resistance of 31500 and closed above that.

Also, it gave closing above the Trendline.


Till 31500 approx 50 Lakhs shares are short (07th Jan Expiry).

I expect Non - Stop Rally of Bank Nifty to 32350-32400 within 3-4 days &
31481 will act as a Support.

Stocks which will lead the rally - ICICI Bank , Indusind Bank.
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