tushardbhalshankar

tushardbhalshankar

On hourly charts, Bank nifty consolidate near 41500 to 41700 level. What does it mean. Bank nifty try to break level but there are sellers who holds the level. Also buyers hold strong that market is not going down. That's the result market is in sideways from 5 days. So from next week we could expect some sharp moves only if strong buying or selling happens on key...

tushardbhalshankar Updated 

After indian government announced budget market react very abstract. So on charts bank nifty looks confusing. Bank nifty must cross either 42000 or 39500 level for further clearity. As per hourly trend bank nifty is in downtrend so bank nifty may fall till 38000 in coming days if 39500 break with volume on hourly charts. WE can plan long only after 42000 level...

tushardbhalshankar Updated 

On hourly charts , bank nifty take support near 40000 to 39600 level. This is very crucial level because 2 reasons 1. We draw Fibonacci from bottom to top then 39730 level is 0.382 % retracement level. 2. 40000 is big psychological level and also bank nifty fall from 43000 to 39600 which is 3500 point rally with no retracement. By above logic we could...