BharatJhunjhunwala

Daily RSI has tripped below 25! The index has turned into

Short
NSE:BANKNIFTY   NIFTY BANK
The index corrected heavily this week making a low of 27162. Banknifty closed below an very important support level today, though an attempt to pullback was made but it didn’t succeed much. The RSI is into breaish zone & oversold too. Daily RSI has tripped below 25! The index has turned into “ sell on rise” candidate, pullbacks if any should be utilized to create short positions. Resistance is placed at 28570 & 28900 respectively, if selling takes place again then we may see banknifty falling to 26450, 24700 & finally 22910 levels in the weeks to come.
Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
http://www.prorsi.com

Comments

Sir,

main aap se yeh janna chahta hoon ke kaun si Chart Provide Website behtarin hai aap k anubhav k anusar...... jisme main Paid Chart lesaku jo comperevtily cheap bhi ho aur upyogi bhi ho mere jaise learner traders ke liye........please rply.......
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Respected Sir,

aap ne yaha jo indicator ki velue use ki hai wo aap ne kabhi apane koi bhi youtube videos main nhi batai hai......jahatak mainne aap ke jyaadatar videos dekhe h....aur sir aap ke sare videos hi bhut UPYOGI h hamere jaise chhote traders k liye.....aap ki hi wajah se meri aankhe khul gai h ke MENTOR log kitana BEWAKOOF banate hai.....yaha maine aaj hi aap ko follo kiya hai......GURUDEV ki Jai ho........
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