BankNifty >120 Point move from the first signal
Signal generated at 26380
Market High - 26510
Understand the Spot Market cash Injection and Withdrawals, see the Weightage movement behind the BankNifty
Price is a representation of value, so understanding the value is very important than price.
Futures and options are Speculative products, So Depend on the Spot ...
Short USDINR Target 71.32 short term.
According to Indian market today Nifty, Bank Nifty, Sensex all bounce up with a strong bull rally. also USDINR four hours chart looking bearish.
Fundamentals to Watch New Governor, Political parties Exchange, Indian market zoomed up.
USDINR short term target 71.32.
If Retracement levels will come(with Corrective pattern) then it will be a buying opportunity with stop loss of 10622. This retracement levels will change according to new fresh high of tomorrow.
If impulse started from 10494 is wave C then it will not go much higher above 10780.
If impulse started from 10494 is wave 3 then ...
As show in chart
Price react at support zone & bounce back in to previous impulse move
One can buy above 1136 For wave 3 conformation
for target of 1186(near 1st resistance zone )
beyound 1186 next zone 1270
than final zone 1330 ....
Break Out Above 159.
Bounced From Support Zone.
21 EMA Break Out.
Buy Above 159.
Risk Reward Favourable.
Positional View For Educational Purpose Only.
Other Details Mentioned In Chart.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
Price at Triple Top resistance. There are two sets of Tweezer Tops formed (on 3-4.12.18 and 11-12.12.18) which may signify strong resistance.
OI Table: 1320 Call has the highest OI which will act as strong resistance followed by 1300 Call which has second highest OI-- immediate resistance. One can go short near 1312-15 keeping an SL at 1325 for a target of ...