AbhishekHSinghCMT
Long

BANK NIFTY- Buying the Flag Pattern..above 17470

NSE:BANKNIFTY   NIFTY BANK
101 0 6
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
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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