BANK NIFTY ... TRADE IDEA ON EVENT DAY
A clear breakout of resistance trendline was seen in ban nifty and the index had come back to retest the trendline. The retest also corresponds to 50% Fibonacci retracement.
A pull back from here to 41900 (0.786 fibo) can be expected as a target.
A pull back from here to 41900 (0.786 fibo) can be expected as a target.
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Stop loss can be placed 100 points below the trendline. May be 41250.
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