Bank Nifty

Highlights

Open Interest decreased marginally with rise in price indicates unwinding of positions. Shooting star has been witnessed and tested the trend line and closes below from this criteria we expect Bank nifty will fall unless the violation of 9197.

Trend

Trend got changed to upside, But the candle looks again the trend will reverse.

BANK NIFTY JANUARY

Traders holding long positions can look for rise to 9132 -9185 range to book profit as the opportunity arise.

Shorts are recommended unless the violation of 9197.
Traders can sell on rise to 9132-9185 with the stop loss of 9197,
If the high of 9197 crossed then buy with low of the day stop loss or 9080 which ever is lower at the point of break out.