nsebank

PowerTrades PowerTrades BANKNIFTY, 60, Short , 6 months ago
BANKNIFTY: 09sep- Banknifty updates
46 0 0
BANKNIFTY, 60 Short
09sep- Banknifty updates

Friday was quite eventful and failure to take out the retracements zones pointed earlier proved that markets are facing selling pressure at top. at the sametime now the current range is proving indecisive. A break below 19800 can only bring in the downside movement to potentially test the lower trend line support zones around 19600. while 20050-20100 would be the ...

tushargupta1991 tushargupta1991 BANKNIFTY, 60, Long , 7 months ago
BANKNIFTY: Bank Nifty (and Nifty) bullish this expiry
165 0 5
BANKNIFTY, 60 Long
Bank Nifty (and Nifty) bullish this expiry

Bank nifty has reversed from 1.618FE of wave 1. IF it takes support at the 38% or 50% fib levels (and the trendline), then it could result in a sharp up move to new highs. This should pull Nifty too; just that the wave structure is clearer here. (Support at the 23% fib level for the up move after that is possible too but then an initial entry would be difficult ...

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