Deepak81

BanNifty Future view - Sell on Rise

Short
NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
BankNifty future after breaking a trendline gave a pullback till trendline resistance and started falling again. It opened Gap down on negative global market cues. It traded and closed negative and below 200 MA on 45 min. chart throughout the day. We may get a bounce back if global market supports. In any bounce back till previous support which is 35700 can be a sell opportunity. View is negated if it closes above 35700.

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.