this is for education only
if the bank opens with a gap up and doesn't cross 23889 there is the possibility to check the support of 23545 and there is a room till 22855.
the upside action is only after 24161.
to give long move its important for the bank to rest at this range for a day to week
this is for the education of movement and analysis
If one can see big picture as per only technicals the banks will have some rest before moving towards 24500 . There will be range from todays high to 23150 for the week now . As fundamental thinking there are some good and some down news for market . But if bears get into market there's going to be a consolidation for week . This is just for education of market...
Here things to analyze are there is divergence from past some days ..now there is great resistance too ..so there are possibilities of market gap up and going down towards 22850 .
This is just for educational purposes how analysis can be done ..
Range 22823 to 23040
If opens gap up with break points then it may consolidate and move upwards towards 23150
There will be a major profit booking at top ,so value may come down towards support
If gap down with low points will try to fill the gap , again there is range bound market
This is for learning purpose only and we can learn gaps and the psychological...
If flat or gap up opening till 22480 there may be gap filling as well as if it breaks 22350 support there will be good room for short profit . This thing is to learn psychology of any market trader how the movement works
