Banknifty may test 200SMA again?
#BankNifty tried to bounce back but failed yesterday. It may taste 200SMA again.
The support now points at 45500 levels. If this is taken away then we can see 200SMA being tested which is at level of 44870 levels.
On upside any major move will come only above 47200 levels. If this is taken away then we can see 48200 in next few days being touched.
Again, it's expiry so sideways move possible. Don't trade aggressively and Follow proper Risk Management and Stoploss.
No further update other than this. Have a profitable day ahead.
#TrendX #Masterclass #Trading #StockMarket #BankNifty
The support now points at 45500 levels. If this is taken away then we can see 200SMA being tested which is at level of 44870 levels.
On upside any major move will come only above 47200 levels. If this is taken away then we can see 48200 in next few days being touched.
Again, it's expiry so sideways move possible. Don't trade aggressively and Follow proper Risk Management and Stoploss.
No further update other than this. Have a profitable day ahead.
#TrendX #Masterclass #Trading #StockMarket #BankNifty
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