padiyaraa

BANKNIFTY: 22770 Below 22740 Supports are 22692_ 22644 & 22610

NSE:BANKNIFTY   NIFTY BANK
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103 7
Initial resistance will be around 22848 ,eventually it can come down to 22644,
this is myview,with out caring the Global cue or SGX'. Let us see what market kept for us.
Above 22800 toady’s Resistance 22848_22896 & 22930


Weekly above 22835 Bank Nifty’ Resistance will be 22940_23050 & 23120
Weekly below 22700 Bank Nifty’ Supports will be 22664_22600 & 22490

Monthly above 22560 BN Resistances will be 22690_22777 _22893 & 23225
Monthly BN Supports 22492

Hi....Bank Nifty (spot) is below 22644 .....ur given low of 22644.... GREAT.
How much low it can go in this series ... ur advise required.

Thanks V Much
Reply
padiyaraa Marketpassioner
@Marketpassioner, we are in a strong bullish trend now. 22644 was the weekly first support level.
it will have strong support at 22600. I believe that BN cannot come down below this level.

Please watch the weekly & monthly levels. break below those levels only, any major fall can happen.
By the way I am expecting BN to reach 23000 on closing the series.
Reply
@padiyaraa, Thank u... Pls with levels give ur daily directional moves (as given today) for rest of trading days of the series as I was of the view that markets can go down further.

Definitely ur advise will help me alot.
Reply
Great. Your target is reaching. Reached the top at first hour and touched your bottom target on closing.
Reply
padiyaraa venkaticr
@venkaticr, It is very difficult to understand the market movements in advance and to to to put it in words is really hassle some.
cannot be sure that it come true. only thing a trader can do is to keep in mind the resistance and support levels and act based on
the changes in live market scenarios.

I was expecting a turn from first resistance 22850 , but it went near to the 3rd level 22918.
Reply
venkaticr padiyaraa
@padiyaraa, Good analysis.
Reply
padiyaraa venkaticr
@venkaticr, thank you
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