Vithal117

BANK NIFTY # Inverted head and shoulder formation

NSE:BANKNIFTY   NIFTY BANK
BANK NIFTY , 15min chanrts showing Inverted head and shoulder formation witing for break around 19800, follows by good up move
Comment: If you are an indice option trader better stay calm as falling vix has better impact than raise in markets .
Stay safe

Comments

GOOD ONE !!!!
BANKNIFTY IS READY TO COVER THAT UPPER GAP IF IT CLOSE NEAR OR ABOVE 19819 LEVEL AS PER CHART.
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Vithal117 ap_cloudtrader
@ap_cloudtrader, thanks. i was about to update on same. it didn't close as expected but there is a clear gap which expects to be covered this week mostly.
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@Vithal117, Yup...
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gamestarr ap_cloudtrader
@ap_cloudtrader, the gap from 19800 to 20500?
Reply
@gamestarr, YES !!!
There is high probabilty of FILLING UPPER GAP bcoz
GLOBAL MARKETS r nearly 2.5-3.5 percent up.
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