IIT-Trader

BANKNIFTY-- Case1 or Case2 ??

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NSE:BANKNIFTY   Nifty Bank Index
The bank nifty index is again showing bearish pressure....
will this fall continue towards downwards,
then which place we can expect a reversal to the upside...

If we see on bottom side @44120-44080 level which is a strong level of Resistance,
if tomorrow price again opens in this range they will again take the price towards downside...
at 43800 levels we have a strong rise is observed previously might push the price upside again...

Until price breaks the trendline no bullish view...
which case is possible ??

Case1::
If previous strong resistance acts as support will be buy side...
Case2::
If the same resistance again pushes the price downwards will be sell side up to 43800.


Will see in the next session what happens...
Komen:
Don't go for short...
Komen:
If a strong push happens here...consider it as end of short momentum.
wait for long...
Komen:
Don't go long...
Komen:
Komen:
Ignore this short call, stoploss is more now
Komen:
If trendline fails to acts as resistance will go for buying....
Komen:
risk ones exit
Komen:
Dagangan ditutup: sasaran tercapai:
Target 1 done.
Komen:
Safe ones exit
Komen:
A chance of reversal.
Dagangan ditutup secara manual:

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