SHORT BANKNIFTY BELOW 22970, LOOKS WEAK BELOW TRENDLINE

NIFTY BANK (NSE:BANKNIFTY)

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BANKNIFTY LOOKS WEAK BELOW 22975.
IF SELLERS HAS TO TAKE CONTROL BANKNIFTY HAS TO MOVE UNDER 22975.
IT HAS TO BREAK THIS TREND LINE SUPPORT LEVEL AND ONCE IF IT WAS BREACHED ONE CAN SHORT FOR LOWER LEVELS OF AROUND 22400-430.

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Trade closed: target reached: Made low of our final levels of 22400-22430. :)

Trade closed: target reached: All target done, from 23000 to 22000 in just 2 day :)

Comments

As expected Banknifty aggressively breaks the trendline and moves downwards till exactly to our expected level of 22430 and shows some support around our final target of 22400-22430.

If this support is also breached by Banknifty will expect to move towards lows of around 22340, 22260, 22180.
Thanks!