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.

Comments

NOW WHAT NEXT, ON DATED 18.11.2020 NIFTY CLOSE NEAR 12945 TESTED HIGH 12960 , IT MAY LIKELY TO TEST 12992-13010. CAN SEEN ON MY NIFTY POST.
NOW BANKNIFTY ALSO ON RESISTANCE LEVEL . AS YOU CAN SEE ON CHART TREND LINE RESISTANCE AT 29780. IT MAY CORRCET FROM HERE UP TO 29600 AND 29350-245 LEVEL. IF BANKNIFTY SUSTAIN ABOVE 29800 IT MAY TEST 30000 AND MORE 30220. BUT NIFTY MUST SHORT AT 12960-990 LEVEL, ONE TIME PROFIT BOOKING MUST COME AT THESE LEVEL.
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TODAY'S TOP 29090 , accurate level for short ,
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