Nifty Bank Index

Bank Nifty - Aug 14

524
We had a trending move today. Price was consolidating in the morning for few hours then started to fall. And now price is at support. It can move up or fall down. Price is at trend direction deciding zone now.
Pattern : Support.
Range : Medium.
Trend strength : Normal.
Buy Above : 49860.
Stop Loss : 49780.
Targets : 49940, 50020, 50100, 50220 and 50400.
Sell below : 49640.
Stop Loss : 49720.
Targets : 49580, 49500, 49380, 49300 and 49280.

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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
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Nota
Trend line resistance, but above support. syot kilat

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