BankNifty short term view
BNF has been trading sideways since June and has reversed back from the strongest PRZ of 88.6%. The range is between 35500 and 35000 where it has taken multiple résistance and support. For an effective long, it has climb over 35800 and for short, dive below 33900.
While with the current trend this may look difficult, but with a daily ATR of 600, and in the new expiry, looks like a good possibility.
While with the current trend this may look difficult, but with a daily ATR of 600, and in the new expiry, looks like a good possibility.
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