BankNIFTY prediction for tomorrow 28th Nov
BankNIFTY has been in the range of 43300-43700. the above resistance level has been struck out multiple times; there are more chances it will break this time to the upside. Looking at the charts and OI data, all data shows bullishness in the
Reasons:
Verdict:
Bullish
Plan of action:
Sell 43800 CE once break to upside. after retest add CE buying.
BANKNIFTY.
Reasons:
- Multiple times (5) resistance zone strike. make it more chances to break this time. Usually, there is a high probability after three attempts. (Bullish)
- Price > EMA(13,50,200) (Bullish)
- Bullish Crossover successful. (Bullish)
- 200 EMA Support downside. (Bullish)
- RSI > 60 crossing to upside.(Bullish)
- PCR: 1.03 (Bullish)
Verdict:
Bullish
Plan of action:
Sell 43800 CE once break to upside. after retest add CE buying.
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