Bank Nifty corrects from Life Highs,Weekly Analysis

Last Week we gave Bank Nifty Trend Deciding level as 13355 ,stopped out on upside  and achieved all downside targets. Bank Nifty has made a fresh lifetime high of 13414 but was not sustainable on upside and gave way for profit booking as soon it start trading below our trend changer levels.

So lets discuss how to trade Bank Nifty in coming week as its an expiry week.

Bank Nifty Hourly

Bank Nifty is trading in perfect channel, took resistance at the higher end of channel and is now trading at the lower end of channel and near to its 200 HSMA@ 12700. Break below...


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