PowerTrades

BANKNIFTY Road Ahead

Short
NSE:BANKNIFTY   Nifty Bank Index
BANKNIFTY has opened below a major reference zone and staying below 21550 will continue to see weakness for this week ahead.
Downside targets on lower side is 21050/20650.
Aggressive traders can sell BANKNIFTY Futures with stops above 21850F or sell 21500CE at 250-300 range
Safe traders tgt sell of 22000CE at 130 areas.
Comment:
Neat Trade 21040 done, key is now to continue to hold below 21400 for a further downmove

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