Banknifty view for 27/11
Updated
The bullish spinning top and long lower shadow pattern has been formed in the weekly and daily chart respectively.
So it can be said that trend reversal is not confirmed yet.
Again we have to see another two session.
Bank Nifty may trade in the range 29060 -30060
Decision Level :29460 Above & below :Bullish & Bearish .
Above 29460 : 29597/29732/29860/29938/30060
Below 29460 : 29360/29262/29165/29060
1st level to watch out : 29597 for upwards
: 29360 for downwards
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
So it can be said that trend reversal is not confirmed yet.
Again we have to see another two session.
Bank Nifty may trade in the range 29060 -30060
Decision Level :29460 Above & below :Bullish & Bearish .
Above 29460 : 29597/29732/29860/29938/30060
Below 29460 : 29360/29262/29165/29060
1st level to watch out : 29597 for upwards
: 29360 for downwards
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Note
Bearish Engulfing = Gap UP Then Down again UPBullish Spinning Top = Gap DOWN Then UP again Down ???
:)
Note
above 29760 some short covering possible.Otherwise it may go downwards upto 29060
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