Last Week we gave
Bank Nifty Trend Deciding level as 12922 ,stopped out on upside and achieved 2 downside targets.
RBI governor has given hint Inflation is still high, cutting hope of rate cut putting pressure on Bank Nifty further. So lets discuss how to trade Bank Nifty in coming week as its an expiry week.
Bank Nifty Hourly
Bank
Nifty is trading near an important support of 12450, took resistance at
the falling trendline closed below its 200 HSMA@ 12777.Break of 12450
can lead to fast fall till 12261.
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