Bank Nifty Positional view !!

Bank Nifty may trade in the range : 38600 - 39449
Decision Range :39080 - 39161

Above 39161 : 39335/39449
Below 39080 : 38880/38624

A Inverse H & S kind of pattern has been formed in daily chart.
Breakout possible above 39449.
If it sustains above the level then a huge short covering possible.
And it may test all time high and beyond this.
Target may be 42000+
All levels are spot.

Profit booking range : 40-50 point max.

Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.

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