Banknifty no major weakness yet..
Banknifty moving up in upward channel..
Banking,finance, IT and metal sector still not participated in rally..
So still some steam is there for upmove.
Important level is 51030 acting as support
upside channel resistance near 52000
some profit booking near the channel resistance possible.
I will look for buying opportunity near key levels and channel support.
Disclaimer : I am NOT SEBI REGISTERED. study is only for educational purpose and views given based on elliott wave and chart pattern study .
Banking,finance, IT and metal sector still not participated in rally..
So still some steam is there for upmove.
Important level is 51030 acting as support
upside channel resistance near 52000
some profit booking near the channel resistance possible.
I will look for buying opportunity near key levels and channel support.
Disclaimer : I am NOT SEBI REGISTERED. study is only for educational purpose and views given based on elliott wave and chart pattern study .
Note
banknifty made high near resistance zone and channel top as expected ..
made high till now near 52285
still 3rd wave in progress and than 4th down will be taken as buying opportunity only..
no major weakness till now.
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