Bank Nifty weekly analysis for 08 Feb 2019 - 14 Feb 2019

Bank Nifty on 08.02.2019, 10:45 Am

As discussed in  Bank Nifty Vedic chart 15 min line support is now broken.

Banknifty 15 Min Vedic chart

Bank Nifty has broken Vedic line on the downside as seen in the above chart and entered into 2nd Home. 

2nd home's support and resistance yellow line are in the triangle. Bank Nifty will respect the Vedic line. If it will not able to close above the resistance line, then fast fall can happen. It can go up to 26500 on the downside.

Strategy: Sell Bank Nifty 14 Feb 2019 ,27500 CE @ 95 CMP

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