BankNifty - Took support from Trendline, but weak overall.
The small gains has made no change to the stance of BankNifty.
It continues to trade above an important trend line and in SELL mode as per reliable medium term trend indicator, 9&34 EMAs on Index n RSI.
Not comfortable with taking storts at this level, despite confirmed week signals. Let the Budget pass . . .
closing bove
Delta neutral strategies can be used to trade, in bank nifty. Send me a direct message with your interest on this forum, if you wanna know about such low risk ieas.
It continues to trade above an important trend line and in SELL mode as per reliable medium term trend indicator, 9&34 EMAs on Index n RSI.
Not comfortable with taking storts at this level, despite confirmed week signals. Let the Budget pass . . .
closing bove
Delta neutral strategies can be used to trade, in bank nifty. Send me a direct message with your interest on this forum, if you wanna know about such low risk ieas.