Trade_with_Raghu

bank nifty trade setup 27/2/23

NSE:BANKNIFTY   Nifty Bank Index
BN is in a channel and the critical levels are 40100 on upside and 39800 on down side. BN is likely to give a gap-down opening on 27/2/23 on account of global ques and if breaks and sustain below 39800 on a 15 min basis could see down side of 39700/39600/36500. I am not seeing any upside possibility at least on the 1st half of the day. sell on rise should be the way to go as the market mood is largely bearish
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