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VisibleBeer7
Jun 9, 2021 7:14 PM

Banknifty Spot - Last Word Long

Nifty Bank IndexNSE

Description

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.

Comment

Banknifty 34800 To 38112.75

9.5% Up In 3 Months.
Comments
mvrrajan
Logic behind BNF 48000 please.
VisibleBeer7
@mvrrajan, see my previous post of banknifty, 32613 was top of 2020, than BN fallen to 16116, so target is - (32613-16116)+32613 = 49001
aabhassss
Non sense analysis.
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