As you se Banknifty headed downward nicely in a channel. On 22 April it clearly broke trendline resistance and on next day it took support from breakout level.
Then no looking back for banknifty. It made short term bottom , this we can see clearly from Huge PUT writing in banknifty as well as nifty.
This is my learning post no buy and sell recommendation,consult your financial advisor before taking trade.
Then no looking back for banknifty. It made short term bottom , this we can see clearly from Huge PUT writing in banknifty as well as nifty.
This is my learning post no buy and sell recommendation,consult your financial advisor before taking trade.