BANKNIFTY: EXPECTING A HUGE 1000+ POINTS MOVEMENT SOON!
1. Dark Cloud Cover on Daily Time Frame. Basically a reversal indicator.
2. Bank Nifty is facing tough resistance in rising trend line with all important support at 34700.
3. Too much resistance to become bullish indicating it's currently in "Sell on Rise" mode.
4. Below 34700 DCB, gates for 32000 will open.
5. For upside, resistances are placed at 35800/36050/36700 which need to be crossed on closing basis.
6. Expect a major 1000+ movement in Bank Nifty soon. Maybe an expiry special.
7. Views are mere speculations. Don't create positions on the basis of this. Consult your financial adviser before any investment.
8. If worth it, Do LIKE, SHARE & COMMENT!
2. Bank Nifty is facing tough resistance in rising trend line with all important support at 34700.
3. Too much resistance to become bullish indicating it's currently in "Sell on Rise" mode.
4. Below 34700 DCB, gates for 32000 will open.
5. For upside, resistances are placed at 35800/36050/36700 which need to be crossed on closing basis.
6. Expect a major 1000+ movement in Bank Nifty soon. Maybe an expiry special.
7. Views are mere speculations. Don't create positions on the basis of this. Consult your financial adviser before any investment.
8. If worth it, Do LIKE, SHARE & COMMENT!
Trade closed manually:
Reached 37200 today. Decent enough!