Verdict:
Unless it breaks to downside odds are Bullish
Plan of action:
Sell 44000 CE and Buy 43900 PE
BankNifty has been in the rising wedge pattern which is usally Bearish Pattern. as it has also been taking resistance from the 1H-tf trendline. also its expiry today that means mostly its sideways. But if it breaks the rising wedge to downside it might give a nice target of 350-400 points to bearish side.
Reason:
Verdict:
Unless it breaks to downside odds are Bullish
Plan of action:
Sell 44000 CE and Buy 43900 PE
Disclaimer:
The information provided in this blog post is for informational purposes only. It is not intended as financial, investment, or trading advice. The author is not a licensed financial advisor or professional.
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