Short ICICI Bank, approaching channel support

17 Kas 2016

ICICI Bank trading in a rising channel respecting the support and resistance, it has been approaching to its channel support with a target of somewhere between 250-248, As the bank nifty has been under pressure and doesn't seem strong enough to go upward. it closed on forming doji means undecided whether go upward or downward but there is a strong changes are going down ward, traders may go short at CMP for a target of 249.00