Bank nifty future could make the crucial trend line breakout below the support level of 9265. Closing below may drag it down for some time. Technical indicators like macd is also looking to cross the signal line to downside. Oscillator also witnessing that the trend might be reverse from here. We recommend that traders could go for short in bank nifty future below the level of 9265 for the target of 9155 & if it sustains the lower levels the further target could be 9010 in it. The traders should keep the stop loss around the level of 9320 in it.
source:
CAclubindia
