Short view for BANKNIFTY with exact channel. Short

Nifty Bank IndexNSE

Description

⋅ Sep 11, 2019 4:02 AM

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.

Comments

Bajrangi-Bhaijaan

⋅ Sep 12, 2019 2:03 PM

Bank Nifty is a sureshot blind buy

aniruddha771

⋅ Sep 11, 2019 8:45 AM

Idea failed.. banknifty already sustained above your resistance...

Gamechanger_TheOne

⋅ Sep 12, 2019 6:51 AM

I feel the rise was a bull trap.....we may see the fall now

Gamechanger_TheOne

⋅ Sep 12, 2019 6:54 AM

@Gamechanger_TheOne, 200 points is what seems to be a reasonable tgt considering option expiry today....

Gamechanger_TheOne

⋅ Sep 12, 2019 9:57 AM

@Gamechanger_TheOne, Almost done.....28k to 27780!

deebikas

⋅ Sep 11, 2019 5:13 AM

So does it mean that bank nifty is expected to come down from the current market value of 27775??