BNIFTY:started its downfall from ahigh of 48400+ to the present levels of 44500 shedding almost 4000 points in the process.As of now BNIFTY has 44400-500 its 200DEMA as a major support. Close below its 200DEMA likely to trigger further fall towards 43500.
Immediate resistance lies at 45200 followed by45500.sustaining above 45500 decisively shall attempt a rally towards 46000.
I will be a buyer if it sustains 45200 on 15 min basis for 45500 tgt and trail SL . if it does not hold 44400-500 on a closing basis i would prefer to go for a positional short.(For educational purpose only )
Immediate resistance lies at 45200 followed by45500.sustaining above 45500 decisively shall attempt a rally towards 46000.
I will be a buyer if it sustains 45200 on 15 min basis for 45500 tgt and trail SL . if it does not hold 44400-500 on a closing basis i would prefer to go for a positional short.(For educational purpose only )
Comment:
TGT 1 45500 DONE
Comment:
TGT 2 45800 also done enjoy the profits
Comment:
tgt 3 46000 also done
Comment:
suggested the tgr when BNIFTY was trading at 44300 levels itself almost 800 points up from the suggested levels.if any trade taken your acknowledgement would be the greatest motivational factor for us