Get ready for a fall in bank nifty.
The strong resistance zone at around 37000 is not broken and the Index is unable to sustain above it. Hence, fall to around 36000 levels can be expected in the next few sessions.
Long positions can be initiated only if bank nifty sustains above 37200.
Short positions target can be:
36545
36400
36000
Keep SL of 37250.
*Only for educational purposes*
The strong resistance zone at around 37000 is not broken and the Index is unable to sustain above it. Hence, fall to around 36000 levels can be expected in the next few sessions.
Long positions can be initiated only if bank nifty sustains above 37200.
Short positions target can be:
36545
36400
36000
Keep SL of 37250.
*Only for educational purposes*