Bank Nifty - Weekly Review(July 31 - Aug 4)

Nifty Bank IndexNSE

Description

⋅ Jul 29, 2017 3:10 PM

Chart explains the level. And the next upside levels are 25610 and 25680.

⋅ Jul 31, 2017 9:13 AM

Our blue line in pyramid is taken!

Comments

SidharthKrJain

⋅ Jul 29, 2017 6:27 PM

As per the pyramid, BNF should consolidate in between 24500 n 24650. So how the target 25610 n 25680 is given. Based on RBI rate cut or technicals

vanathi

⋅ Jul 30, 2017 2:41 AM

@SidharthKrJain, I have given the levels, not targets. My analysis is purely technical.

sud_ju99

⋅ Jul 31, 2017 9:44 AM

@vanathi, though I'm not trading now a days for unavoidable cicumstances, but again, couldn't resist myself to appreciate your professionalism.

sud_ju99

⋅ Jul 31, 2017 9:47 AM

@sud_ju99, correction:couldn't resist myself from appreciating your professionalism.
Reply

vanathi

⋅ Jul 31, 2017 9:48 AM

@sud_ju99, Thank you for the encouragement :)

sandyguns

⋅ Jul 29, 2017 4:16 PM

If experts are to be believed, Bnf is going to fall min. 1000 points in this series.

vanathi

⋅ Jul 29, 2017 4:17 PM

@sandyguns, Will see.

RamThangadurai

⋅ Jul 29, 2017 3:43 PM

These type of pattern worked in the past? Back tested?

vanathi

⋅ Jul 29, 2017 4:12 PM

@RamThangadurai, I just joined the levels and made it look like pyramid. Nothing new :)