In yesterday trade Bank Nifty took support near 25270 & closed at 25318, breach of this level will open ways for further downside till next support as predicted in Sunday post.Have a look at chart in which a negative crossover of 20dMA breaching 50dMA is easily visible however 13dMA is still moving above both these trend decider MAs.
So go short in BankNifty below yesterday low only & if it stays above 25270 initiate longs. Have a look at daily chart:
So go short in BankNifty below yesterday low only & if it stays above 25270 initiate longs. Have a look at daily chart:
