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BankNifty Update For Jul-10, 2020

Ninad Deshmukh

10/07/2020 0 0

Banknifty opened above 22700, our level for long entry and completed target of 22900. It was rangebound throughout the day between 22700 and 22900. Only in the last hour, it moved sharply towards 23000 levels (top made was 22998).

Today it was a typical expiry day move. My bearish view will change only if it crosses yesterday's top. Till then, I am bearish on bank nifty.

Trade Plan:

Above 23000 targets are 23150/23300

Below 22700 targets are 22500/22350

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