Kinnari_Prajapati
Short

Short view for BANKNIFTY with exact channel.

NSE:BANKNIFTY   NIFTY BANK
Banknifty opened at the resistance of (3) wave 27701 nearby which is at value high. This resistance pushes it toward the control value at 27463(gravitating) and (4rth) wave at value low. Looking at it seems that short declining wave can start for the target.

Above all levels are for a spot.
Bank Nifty is a sureshot blind buy
+2 Reply
I feel the rise was a bull trap.....we may see the fall now
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Gamechanger_TheOne Gamechanger_TheOne
@Gamechanger_TheOne, 200 points is what seems to be a reasonable tgt considering option expiry today....
Reply
Gamechanger_TheOne Gamechanger_TheOne
@Gamechanger_TheOne, Almost done.....28k to 27780!
Reply
Idea failed.. banknifty already sustained above your resistance...
+2 Reply
So does it mean that bank nifty is expected to come down from the current market value of 27775??
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