Nifty bank 15 minute a candle:
1. Nifty bank will be bullish when crosses 40500 levels. Focus on ICICI bank and Axis bank movement to track and confirmation for the trade to take. Many banks posted good results. ICICI bank has posted good results and Axis bank going to declare the result, today.
2. Nifty bank will be bearish if it breaks 40200 levels. Well, Nifty bank is looking stronger than Nifty 50 index but we can not say about the downfall. Nifty bank has to reach 45000 levels before any major correction.
3. For risky traders, follow the Orange trend line, 15 minute candle closes above the trend line then you can buy ATM CE with small quantity and wait for a candle to cross 40500 levels, then you can add more to it.
