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SathyamurthyRamanujam

BankNifty has fallen some and may move up 200-220 pts

Long
BANKNIFTY INDEX FUTURES (NSE:BANKNIFTY1!)  
SathyamurthyRamanujam  
NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
Fibonacci BANKNIFTY bankniftyanalysis bankniftytrading
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fibonacci banknifty bankniftyanalysis bankniftytrading
BankNifty (futures) has fallen in the past two days. With weekly expiry round the corner, an upmove, kind of relief rally expected. An upmove of 200-220 points can be expected as per Fibonacci levels I have drawn up. Please take a considered view and ensure that you protect your capital. If you are buying options, a safer bet could be 38800 CE. If you wish to stake a lesser amount, 39000 CE can be considered. Please note that the SL mentioned in the video.
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