Bank Nifty triggered our short trade and completed 2 targets and more doing 300 points
For 14th Aug:
Sustaining above 44310 enter for 44375 - 44450 - 44660, SL 44230
Sustaining below 44090 enter for 44020 - 43940 - 43740, SL 44165
In the Previous Week:
Bank Nifty triggered our weekly short trade below 44560 and completed our initial weekly short targets till 44230 - 44150 with a low of 44120.90
Now for this week:
On the upside:
Bank Nifty has to sustain and close above its weekly resistance at 44380 - 44490 to move towards its initial weekly long targets of 44790 - 44870.
Closing above 44870 Bank Nifty may move towards its last weekly long targets of 45130 - 45410
On the downside:
Bank Nifty has to sustain and close below its weekly support at 44020 - 43910 to move towards initial weekly short targets of 43610 - 43530
Closing below 43530 Bank Nifty may move towards its last weekly short targets of 43270 - 43000
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