VisibleBeer7

Banknifty Spot - Last Word

Long
NSE:BANKNIFTY   NIFTY BANK
1. BN has major support at 34300
2. SL for holding long in BN will be 33250 on day closing basis. Below this level BN may test 31300-31500.
3. Ultimate support where this bullish trend will turn negative will be 28950.
4. Target for 48000 will be open until BN breaches 28950.
5. On upside any day close above 35820 will lead for a super bullish move for 48000.

Comments

Logic behind BNF 48000 please.
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@mvrrajan, see my previous post of banknifty, 32613 was top of 2020, than BN fallen to 16116, so target is - (32613-16116)+32613 = 49001
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Non sense analysis.
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