BANKNIFTY for 15th November

On daily charts, banknifty (BNF) made hammer kind of candle with lower high and lower low. Intra-day movement of BNF was however bullish today which made higher highs as we can see it on 15 min chart. There are no new areas created and hence trade for tomorrow can be taken on areas marked yesterday. However, a word of caution- since tomorrow being friday and since past few weeks we see more volatality on friday, BNF may break Selling area. On the other hand, due to losses posted by vodafone Idea and Airtel due one time AGR payment issue, it may have their negative effect on banks since almost all banks have big exposure to both these companies. So try and take short trade at higher limit with SL of around 80 points and gain of around 200 points.
All the best. Happy trading.