Picture of Bank Nifty for June and July month

Hey everyone,

Recently a lot of question has asked from our subscriber that we do not understand the chart and I would like to say only one thing that if you guys do not understand the chart than how can you trade. Do not trade blindly see the idea and analyze that what is logic behind of the Idea.

We had seen lot of up and down move since May month. Index move is confusing and hard to predict the long term move but I will give a try . Index gave a reversal from harmonic PRZ 0.886 level and made 0.50 low as per fib levels. Bounce back from 0.50 and trading in upside atm. There is only one barrier that sits on 22,000. if Index breaks 22,000 and sustains above than we can a new high 24,000. I am not talking about Intraday here. We have 2 levels to watch for June and for July month. The first is 22,000 and the second is 19,500 and these 2 levels decide bank Nifty future. Btw in this range bank, the Nifty move will be miss. We can see fresh bloodbath if 19,500 breaks.

Thanks
Virendra Pandey