#BANKNIFTY
1. Had a good run alongwise #NIFTY.
2. It may see another 600-900 points rise.
3. Problematic is the area I've marked in parallel channel. It'd be a tough resistance to cross.
4. Only if #BANKNIFTY gives a closing above 37000, I'd be more comfortable going long here.
5. As long as below 37000, it's still in Sell on Rise mode rather than Buy on Dips.
6. It has given almost 3K+ points rally. Time for some consolidation around 37K levels to either a fresh BO or reversal.
7. Consult your financial adviser before investing. Comments are most welcome!
1. Had a good run alongwise #NIFTY.
2. It may see another 600-900 points rise.
3. Problematic is the area I've marked in parallel channel. It'd be a tough resistance to cross.
4. Only if #BANKNIFTY gives a closing above 37000, I'd be more comfortable going long here.
5. As long as below 37000, it's still in Sell on Rise mode rather than Buy on Dips.
6. It has given almost 3K+ points rally. Time for some consolidation around 37K levels to either a fresh BO or reversal.
7. Consult your financial adviser before investing. Comments are most welcome!