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Nifty Bank Index

BANKNIFTY--Bullish Gap or Bearish Gap??

By IIT-Trader
Updated
observations::
We have resistance in the range 44270-44255,
if failed to resistance price will reach 44340-44310 range.
we will observe some consolidation in this area 44250-44360 range.
we have support @44150-44140 range ,if failed will go for short.
we have bearish gap @44450 range...
if price breaks the resistance Above zones.. will observe gap may fill...

we have bullish gap left @43880-43900 range.. will again push the price to higher levels.

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Look for buy @ Discount...price will give discount...
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now price is at our level... wait for bullish entry
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Sell plan
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Keep watch this trendline.... if price not able to break yesterday's high... and falls below trendline...price fills the bullish gap left @ 43800-43900 range... Be safe..

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that zone has to break and retest then only sell side...
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Look for sell ...consolidation + Upside
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Buy area....
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Early sellers....wait until it comes back...
It may comes back to ATH also... wait wait.
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IIT-Trader
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