Banknifty- What is coming Next??

Nov 20, 2016

Banknifty as discussed last week here

broken the supports and reach in range 18880-18890 doing the target for the week 19125.
Now Banknifty had broken the major support range @18990-19030, traded and closed below it. So for now it is weak and we can see much lower levels. We can see the the downside below this range till 18650-18680 and below that a level of 18440-18460. Bounceback if happens can be seen from these levels towards these supports which will act as the resistance now.
We will review it at regular interval on the journey.
Lets see what happens..

Nov 21, 2016

Note

Banknifty as predicted yesterday it is weak and we can see lower levels from here till 18650-18680/18440-18460. Banknifty done all the levels in a single day and gone down to 18350 range.