Nifty Bank IndexLong
Bank Nifty Trading Strategy for 7th July'2020
#banknifty:- Avoid shorting
Decision Range [ 22,022-22,170]
Resistance Zone [ 22,479-22,380]
52W H :- 32,613
52W L :- 16,116
38.2 % 22,428
50.0 % 24,365
61.8% 26,311
Wave 2 is 21,967 to 17,195, so 50% of this wave is 24,398 which coincides with 50% of the fall 24,365.
As per wave structure, the next logical target above 22,418 is 24,365.
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