tradetechnicalanalyst

BANKNIFTY ON HUGE REISTSANCE LEVEL.

Short
NSE:BANKNIFTY   NIFTY BANK
BANKNIFTY ON HUGE REISTSANCE LEVEL. CAN SHORT IT AT FOR SOME HEALTHY CORRECTION.
B-NIFTY WILL FACE HUGE RESISTANCE NEAR 29000-29080 LEVEL ON INDICATOR AND OI BASED.
FIBONACCI ALSO SHOWS LAST LEVEL FOR RECENT UPSIDE,
IF BANKNIFTY CORRECT FROM HERE MAY SHOW 500-1000 POINTS.
IF BANKNIFTY CLOSE ABOVE 29200 WE SHOULD SHIFT TO LONG SIDE FOR 31600,32600 BUT THERE ARE GOOD CHANCES TO CORRECT FROM HERE.
Comment: TODAY BANKNIFTY WAS GIVEN 2 TIME CORRECTION FROM 29030-29080 LEVEL. NOW IT CLOSE ABOVE 29000 LEVEL SO BETTER TO GO LONG FOR TGT29600
IT HAS HUGE SUPPORT OF OI AT 29000 SO IF GIVE CORRECTION TOMM UP TO 29080 CAN BUY FOR TGT29600
Trade closed: target reached: 29600 TARGET DONE , SHORT AS WELL AS BUY BOTH WAY PROFIT.