BANKNIFTY -short term trade sceanrios for today
21-Feb-2018:
BANKNIFTY Yesterday markets failed to pullback and test 25250, we discussed that until that is tested, markets are likely to test 25000 and that did happen. I didnt
expect 24850 to test that easily but that happened as well. Now based on that there are 2 scenarios, markets pullback inside 24890 zones and likely test 24950-980 again.
or a secondary scenario where sellers continue to be active and we continue to trade lower to test 24680-650 zones. #BNF #BANKNIFTY
BANKNIFTY Yesterday markets failed to pullback and test 25250, we discussed that until that is tested, markets are likely to test 25000 and that did happen. I didnt
expect 24850 to test that easily but that happened as well. Now based on that there are 2 scenarios, markets pullback inside 24890 zones and likely test 24950-980 again.
or a secondary scenario where sellers continue to be active and we continue to trade lower to test 24680-650 zones. #BNF #BANKNIFTY
