Banknifty should fly from here! Due to rate cut expectation

6 hari yang lalu

#NIFTYBANK action pack analysis on banking sector..are you ready??

Tomorrow is monetory policy, so there is higher probability we can see rate cut as minimum 25 basis points, so i am expecting this news is gonna to be positive specially for banking and nbfc sector, so chances are high banknifty can give solid move towards 54000, atleast 700-1000 points move possible from current level, other side 53000 is really strong support zone for intraday closing, right now price has came down, but it will surely give close above to 53000 levels. For downside we have very strong support zone at 52575-52650 which can act like strong support zone for intraday in case if we see more dip from here. Overall tomorrow mpc news is highly positive for market.

I have a trade for that
take banknifty 54000ce now at 445 you can add more in case if you get some lower levels till 390
keep strict stop loss at 300
so overall we will have 145 points stop loss

for Targets we will keep at 560/675/900++


Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.

6 hari yang lalu

Trade aktif

our trade has given good move and given 2nd target done,, enjoy guy's