AbhishekHSinghCMT
Long

Bank Nifty- Enjoy the Drivers Seat-Amazing

NSE:BANKNIFTY   NIFTY BANK
210 views
9
210 2
Last Price-19450

As expected in morning that Bank Nifty will retrace to the zone 19300-19325. Amazing, It dipped to 19322- today's low. How exciting is this when one sits in the driver's seat as you get hold of the steering wheel, but yes you have to be careful while driving & only experience can work.

This morning prices opened gap up@19571 & it has been falling since morning to complete 38.2% retracement as expected in the update.

From the lows@19322 which could be low for the day -prices will retrace some bit, but likely it will resume upside once it crosses 19470 towards our target zone-19600.




Oct 19
Trade active: 14:45 Hrs 19th oct2016

Recent High-19477

Vow it never sustained above 19470 -retraced as expected. Currently trading@19390
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Thank.following your ideas
Reply
Welcome
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out