bank nifty for monday can be bulish bearish or sideway
bank nifty has taken support at 2o ma 43888 in weekly timeframe and 100 dma in dtf.
so not any weak signal in week tf
in day time frame bn falls from 20-50ma cross over so showing weakness.
on monday if market opened gapup above 44500 it will bulish or closed above 44500 with supercandle in dtf, it will be bulish
but if it will goes slowly to 44500 it will retaste 20-50 ma cross over and will fall badly.. it will break 44000 also
44000 to 44300 non trading zone.. sideway can trap we can short at 44300 on retaste
the expected targets
in downside 43561, 42671
and upside 45102, 45402, 46000
so not any weak signal in week tf
in day time frame bn falls from 20-50ma cross over so showing weakness.
on monday if market opened gapup above 44500 it will bulish or closed above 44500 with supercandle in dtf, it will be bulish
but if it will goes slowly to 44500 it will retaste 20-50 ma cross over and will fall badly.. it will break 44000 also
44000 to 44300 non trading zone.. sideway can trap we can short at 44300 on retaste
the expected targets
in downside 43561, 42671
and upside 45102, 45402, 46000
Comment:
crossed 20-50 with super candle so bulish