BANK NIFTY- Buying the Flag Pattern..above 17470

There is a flag pattern in Bank Nifty...Going above 17450--17470 zone -one should look to buy with small target of 17540 & sustaining above 17550 can take it above 17660 previous high....be clear ..take long only above 17470 --which polarity reversal zone...A & B were support & C--formed resistance so crossing 17470 will give clue that Bank Nifty wants to move up....Going below previous low will open weakness in the instrument. Regards, Abhishek H.Singh

Comment:

1:00 pm -2nd June 2016---You saw ...how Bank Nifty touched 17470 in blink & dropped---that suggests how important that level is --going forward for short term trading...Regards

Comment:

2:00 pm -2nd June 2016---Double Correction Ends as per elliot wave ---Bank Nifty looks bullish

Trade closed: target reached:

7:30 pm (IST) --2nd June 2016----Boom....Hope so you did not missed .....Regards

Comment:

Vow....Bank Nifty Exploded even further....17750...Position Closed