Nifty bank 15 minute a candle view:
1. Nifty bank has given a break out from the level of 37500 and inching towards 38000 levels, but there is big hurdle of consolidation between 37900-38050 range, which is a no trading zone so avoid trading in this zone.
2. Nifty bank will be bullish above 38050 levels after few candles of consolidation. If it breaks without consolidation then do not go for trade, immediately. Wait for the confirmation that breakout is valid or fake.
3. Nifty bank will be bearish below 37600 levels, immediately, but there is no sign of bearishness in the market or global sentiment. What I think Nifty bank will achieve 38500 levels in this week, only (lets hope so).
4. If Gap-up or Gap-down, please avoid trading and wait for the market to give some confirmed signal.
