DSS_Rajput007

DSS_Rajput007

As everyone can see whenever price touches upper range of downward channel,it gave a sudden fall. On 29th April price breakout from channel but unable to sustain there and next day it fall back inside the channel. Here we have two confirmation- 1st-> Those who entered at breakout now in pain they will start covering(False breakout or Bull Trap) ...

DSS_Rajput007

As you se Banknifty headed downward nicely in a channel. On 22 April it clearly broke trendline resistance and on next day it took support from breakout level. Then no looking back for banknifty. It made short term bottom , this we can see clearly from Huge PUT writing in banknifty as well as nifty. This is my learning post no buy and sell recommendation,consult...