They say market has a memory, price has a memory so is banknifty. It is perfectly respecting levels (price). Bears came out in their zone (red lines in above chart) where their risk was least.
But still bullish structure is intact in banknifty.
Stoploss (SL) is quiet deep so risk reward (RR) is not much favourable for this trade. So will be waiting at bench and watching market participants reacts in this zone in coming days. They say Trading is waiting game.
Make profit with our bank nifty options tip and be a part of money making group who trade systematically and profitably.
