BANKNIFTY UPDATE 31/08/2020
Banknifty showed some amazing strength through the week with a rally of roughly 10 percent. Although nifty under-performed compared to banks & financials, it comes to move higher. Have to admit that trading through the week was definitely fun. For the coming week will continue to stay long with a stop-loss of 23000/23250 range. Entry conditions would be to enter on any near dip around the range of 24000/24250 range.
Mentioned a sample strategy that one can look to apply: