Bank Nifty View 03/11

Bank Nifty future May trade in the range 23800-25250
Decision Level :24527.Above & below :Bullish & Bearish .
Above 24527 : 24648/24768/24880/25050/25250 may be possible.
Below 24527: 24460/24330/24207/24050/23800 may be possible.
Now 1st level to watch 24880 for upside and 24642 for downside.
Keep an eye on ICICIbank,Voltas,HDFC.The strategy which i had already shared in ideas stream.
Above 25250: 25500/26000 may be possible.
BNF longterm trend bullish .
Disclaimer: Ideas for learning Only.

Comment:

25500 may be todays top.
now 25150/25000 may be possible.

Comment:

even 24960/24880 may be possible.

Comment:

above 25360 recent view will be changed.

Comment:

if sustain above 360 for 10-15 mins again a a bounce back possible .which can go upto 25600

Trade closed manually:

todays quota done.sqd off all position.now focussing on stock.after1.3 pm will see bnf.

Comment:

major timeframe(charts) has no parity.better stay away.may be a downfall possible. but very confusing....

Comment:

level to watch 622

Comment:

above the level 710/760 may be possible.

Comment:

downside 420.
if breaks 25000

Trade closed: target reached:

710/760