Bank Nifty Futures Trading Update – 29Nov2016

bank-nifty-hourly-chart-29nov2016

Bank Nifty has corrected 2000 points from 20,200 to 18,200 in the last 20 days from Nov 9 to Nov 29, 2016. All the eager longs have been killed and now Bank Nifty can either do an sharp upmove to 19,000 or a sharp down move 17,600. Traders should wait on the sidelines and watch. Bank Nifty futures can be bought above 18,400 for target 19,000.

 

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