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Sanjan91

HUGE SHORT COVERING IN BANK NIFTY ABOVE 36100

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Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Supply and Demand AB=CD Shark BANKNIFTY bankniftytradesetup bankniftyanalysis bankniftytrading bankniftylong
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supplyanddemand abcdpattern sharkpattern banknifty bankniftytradesetup bankniftyanalysis bankniftytrading bankniftylong
Bank nifty is at 36100. If the 36100 price barrier is taken out then a huge short covering could trigger the index's price.

Go long above 36100. Book profits at the supply zone. If the price breaks the supply zone, then aim for the 36450 price level.

Stoploss if the price closes below 35910.

Happy trading. :)

This is not an investment idea. Please consult your financial advisor before investing.
Dagangan ditutup: sasaran tercapai:
Above 36100, the price went up by 250 points.

I will post a new analysis on bank nifty's future targets.
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