bijoy2526

BANK NIFTY this is all about Sbi.

NSE:BANKNIFTY   Nifty Bank Index
Bank nifty weekly close with positive note
It now all depends on how market reacts to sbi result.
my target for sbi was 546 earlier
it has touched that .next target 604.
I have not seen any broker's recommendation
but I think some broker will give target in that region. let us see.
as per bank nifty it has to take out the Uml of the pitch fork to proceed further.
let us see how bank nifty reacts to the Sbi result.
Harmonic levels I have mentioned in the chart. Very much bullish Gartley pattern in making.
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UML of pich fork is imp.
if bank nifty reacts negative and violates Friday low
then more down side possible.


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