ayonsarkar007

Bank Nifty expect to touch 22000 by 2:00 pm tomorrow.

Long
NSE:BANKNIFTY   Nifty Bank Index
As we see the deep dive in the last session. Its forming the butterfly and can cutting the support level at 21923 and 22066 again. If we study the last three candles we can assume that there would be an positive reversal and see slightly bullish market tomorrow. I assume it will touch down to 21491 support level and can see an initial deep of another 50 points to 21441, then we can see an upward movement to till 22000 range again.
Expect the initial deep will be reverse by 10:20 am and can see the pick cutting the 21923 resistance by 2:00 pm .
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