AbhishekHSinghCMT
Long

Bank Nifty- Enjoy the Drivers Seat-Amazing

NSE:BANKNIFTY   NIFTY BANK
206 2 8
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.

Bank Nifty- Heading Upside for 19600 post retracement



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
India Regional Manager
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
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