Target 1 and target 2 of my last post were achieved in its correction.
Bank nifty has strong support in the range of 34120-34160.
It should not break the pivot shown in the chart.
If it breaks the pivot much lower levels may be possible.
Much depends on how dollar movement is taking place.
Bank nifty chart is little bit more complex than nifty.
It is declining much rising much too in order to catch up with nifty.
when I had published about the set up of 16/07/2021 I had smelled some more correction
for it.
Please go through the attached charts
Bank nifty has strong support in the range of 34120-34160.
It should not break the pivot shown in the chart.
If it breaks the pivot much lower levels may be possible.
Much depends on how dollar movement is taking place.
Bank nifty chart is little bit more complex than nifty.
It is declining much rising much too in order to catch up with nifty.
when I had published about the set up of 16/07/2021 I had smelled some more correction
for it.
Please go through the attached charts
