BankNifty closed at support. Last hope at 29211. Trendline support 29395 - 29450
Even if the trend channel is continuing, and the following possibilities still exist;
1) Gravitate price will attract the value, so long traders have target 29977.
2) The support at 29395-29450 will push the nifty toward to 29700.
3) Last hope at 29211, if bank nifty slip to that will be a pure bearish trend.
The formation of a bearish candle following a Bearish Belt Hold on the daily scale indicates that bears are now forcing the market to restrict its momentum.
It can slip the next 1-2 sessions if above is not exist.
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BUY NF 11598-11606 with stoploss strictly at 11592 and targets 11657-11679
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If nifty future is not fired in 15min above 11615... then exit with no loss or small profit....
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BANKNIFTY EXACTLY TAKEN support and bounced....!
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Trendline support 29395 - 29450
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The support at 29395-29450 will push the nifty toward to 29700.
see this....
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Gravitate price will attract the value, so long traders have target 29977. EXACT moved what i predicted.