Bank Nifty has strong resistance zone near 13433 level. It is expected that it will trade below this level minimum for next 19 days that means till 22 May, 2014. Strategy should be sell in rise and if it sustains above this level than it will be highly bullish or say break out point for bulls (Reverse The Trade). Election results are also awaited. Previous month candle is a bearish sign. 3rd time trying to go above this level and still facing resistance near this level. If you have buy positions book profit below this zone only.
Lets have a look on chart
Risk Disclaimer Applied
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