Thursday, August 6, 2015

BankNifty - Exhausted !

#BankNifty



Heavily Overbought on Daily Time Frame and Facing Sloping Channel Resistance at 19040 - 19100 levels. Failure to move above 19200 - 19300 will trigger the selloff with targets of lower channel support of 18175 - 17800 in short term and worst up to 17870. 
Low Risk Trade ; One can short with valid bearish price action in BankNifty.


#TrendMaster_
(please read the diclaimer below)

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