As the charts have indicated on the basis of yesterday's closing (31-09-2019), the bank nifty closed in deep red today.
It continues to remain weak for upcoming sessions too.
Trend-lines, RSI, CCI and other indicators have been pointing towards more correction only.
Sell on rallies should be the strategy, 29230 can be stop for all short positions.
Avoid long positions till there are clear signals of reversal.
Please like this idea if you think this has helped you in making your strategy, you may FOLLOW me on this forum for periodic updates on Nifty, Bank Nifty, Silver or Gold.
It continues to remain weak for upcoming sessions too.
Trend-lines, RSI, CCI and other indicators have been pointing towards more correction only.
Sell on rallies should be the strategy, 29230 can be stop for all short positions.
Avoid long positions till there are clear signals of reversal.
Please like this idea if you think this has helped you in making your strategy, you may FOLLOW me on this forum for periodic updates on Nifty, Bank Nifty, Silver or Gold.