Tuesday, 20 March 2018

Bank Nifty Future 20032018


It opened below PDL but did not sustain below it and started trading comfortably above it.  In that process, a nice pressure play setup developed as marked which moved well. 24420-24430 was the range high of previous day which again today acted as a strong resistance.  Once prices failed to break this resistance, a short trade was possible as marked which also moved well.  Later towards the fag end LOD acted as a strong support and BOF of it appeared a good setup to go long.

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