Hello traders, it's been a good one month trading. We didn't had a single sl day.
Now for today banknifty has closed near highs of trending parallel channel. Banks are looking really very strong. Now as shown in the chart the red resistance trend line is very important. Don't immediately trade on its breakout. Please wait for a closing above that trend line. Don't immediately take any call position now. And obviously thinking of a put at this position is also very risky. So it would better to avoid trading today. We have gained so much in last 15 trading sessions. It would be better to avoid today. Yesterday itself we booked 1000 points. So wise and patience trader wait.. trading range might be between 36300 - 37200.
Now for today banknifty has closed near highs of trending parallel channel. Banks are looking really very strong. Now as shown in the chart the red resistance trend line is very important. Don't immediately trade on its breakout. Please wait for a closing above that trend line. Don't immediately take any call position now. And obviously thinking of a put at this position is also very risky. So it would better to avoid trading today. We have gained so much in last 15 trading sessions. It would be better to avoid today. Yesterday itself we booked 1000 points. So wise and patience trader wait.. trading range might be between 36300 - 37200.