AbhishekHSinghCMT

Bank Nifty- Enjoy the Drivers Seat-Amazing

Long
AbhishekHSinghCMT Updated   
NSE:BANKNIFTY   NIFTY BANK
9
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.



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 - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle
https://twitter.com/TalksWave

Telegram Handle
(Deleted)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.