Bank Nifty: Apr19 view

- Bnifty has again penetrated into price channel which existed since Dec15
- Mar19 seems to be the best ever month for Bnifty

- Trend is clearly up on all time frames with strong momentum, PSU banks should take the rally forward now
- With same momentum target for Apr19 is 33500 i.e upper trend line of price channel

- 29790 is very strong support on daily basis, no positional shorts till it closes below 29790 on daily basis
- New position should be taken if it trades above 30500 at 10:15 AM on 1st Apr, SL for this position will be 30200

Trade aktif:

Trade Active, if Hourly candle closes below 30200 then low of that candle will be exit point, will also initiate a short trade at that point.

Trade aktif:

Yday initiated short position, current SL 30550. If Hit then will reverse position

Trade aktif:

-SL revised to 30235, High of the hourly candle which closes above 30235 will be used to reverse the trade.

Trade aktif:

if SL hit then will reverse the trade with SL of 29850