What is your suggestion for banknifty intraday in 26th May-2020

Ravishankar
2020-05-22 20:21:25

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    Analyst

    Senior Analyst
    2020-05-22 20:39:20


    On the 4 hourly charts Bank Nifty Looks very weak and seems that any rise in the Index derivative is a selling opportunity. On the Upside 17300-17400 is Stiff resistance level and hence provide comfort for selling with Stop loss of 17600 and Targets of 16700. If Bank Nifty Future sees hourly Close above 17600 we may see short covering and It can head towards 18200 levels.