Banknifty has taken Crystal clear resistance at Vedic resistance line of Home fourth.

As discussed in the morning 12:28 am, bank nifty has broken support line Banknifty has broken support line on 15 Feb 2019, 12:28 as seen on one hour chart. Bank nifty entered in Home no 4. 

Support of Home 4 is 26450 horizontal line and resistance become yellow inclined line which was previously home no 1' s support line.


Bank nifty will go upside till resistance line and if resistance will not break then going towards 26450 as earlier we discussed.


Home 4 having two resistance line one is yellow and another is red. It seems to move in the triangle of home 4 till the break of any line of Home no 4.


Do not sell near support 26450 and long near 26800 - 27000

Retailers always trap near greed and fear zone. 


Strategy : 

Sell Banknifty 21 Feb 27000 CE @ 150-170 ( CMP 112 ) 





Bank Nifty 1 Hour Vedic Chart EOD 15 Feb 2019
Bank Nifty 1 Hour Vedic Chart EOD 15 Feb 2019
As seen on the above chart bank nifty has taken perfectly resistance at resistance line near 26800 - 26850



As said if it is not able to close above resistance line on Hourly basis then start to move towards  26450 which is support of Home 4.


It will move in home 4 till any lines of home 4 will be broken. It may start to move from resistance to support and support to the resistance of Home 4. 



Short when banknifty come to resistance zone near 26800 to 27000

and long when comes to support zone 26450.


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