Bank Nifty at Weekly Supply Zone & Downside was Expected?
Let’s start with review of my yesterday’s post where I mentioned that BNF is at important Weekly Supply Zone & 43700 level would be crucial zone for breakout!
Bears exactly behaved like wounded Tigers today & took the control of the day right since early morning. I went Short right from the candle it reached at Day Low! Then it never turned back & kept on making new Lower Lows!
Snap of some of my morning Trades (order book) has been shared here for reference. It was a nice trending Day after a Roller Coaster yesterday.
BNF has created strong Engulfing on Daily TF. It would be interesting to see follow up if today’s Low is broken strongly. We would have an inside bar tomorrow on daily chart!