After a sell off, we are heading towards 17777. Target can be achieved before 27th april. This level 17777 will prove an important turning point for future trend.
Nifty correction expected to end by mid of June. We are going to see more declines in next few days.
Current complex correction in Nifty could lead the index at 16677 level. Trade cautiously...
Buy Banknifty for target of 35600 For Education Purpose Only...
Banknifty have strong support of 30940 and resistance of 31500. You may see it trading between 31000- 31500 range. If support of 30940 is broken you may see levels up to 29500 in upcoming days.
Check chart pattern and trendlines. Trade accordingly.
RSI above 60, Bullish candle formed above 89EMA & 200 EMA which is a clear sign of a bullish trend. You will see a gap up opening on Monday. Long your position of targets - 21929. If sustains above 22000 then see a high at 22340. Don't make a short position next week.
After consolidation, I am again bullish on Banknifty. Cup and Handle Pattern has formed on 15 min chart which is a bullish signal. You may see expiry between 21700 - 21900 in tomorrow session. Long your position for month expiry for targets up to 23000.
Banknifty looks weak. Inverted Cup and Handle Pattern is seen on chart. Short Banknifty for targets up to 21300. SL - 21700
I am now bullish on Banknifty. Previously i've recommended to short your position on Banknifty for targets up to 21000 and we saw that level yesterday. Now make a long position on Banknifty as chart looks strong and Cup & handle patter has formed. Targets up to 22000. May consolidate due weekly expiry and you may see high volatility. Note: Trade cautiously, ask...
Short Banknifty for targets up to 21000. Inverted cup and handle pattern is clearly seen on 30 minutes chart. For education purpose only.