Weekly Chart
Daily Chart
The Bank Nifty is at crossroads.The medium term downtrend is on the verge of reversing.The short term uptrend on the other hand is very mature and asking for a reversal.It is difficult to predict whether the bulls take advantage and reverse the downtrend or give in to the bears to resume the downtrend.Hedge your longs with sold calls and wait to see who whether the bulls win or the bears
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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