BANKNIFTY: 20895 Above 20935 toady’s resistance 21055

Nifty Bank IndexNSE

Description

⋅ Mar 24, 2017 3:08 AM

BANKNIFTY: 20895
Above 20935 toady’s resistance will be 21055 & 21140
Below 20830 today’s supports will be 20742 & 20630

Weekly BN supports are 20650 & 20560
Weekly resistance expecting was 21555 reduced to 21175

Comment

⋅ Mar 24, 2017 4:05 AM

breaking the resistance,going to 21140

Comment

⋅ Mar 24, 2017 5:05 AM

That is a strong resistance, but BN can go to 21190 before showing any weakness

Comment

⋅ Mar 24, 2017 8:50 AM

yes, watch for 21190 level

Comments

HappyVijay

⋅ Mar 24, 2017 5:42 AM

Sir in case of Island Reversal What is the Stop Loss Normally ?

padiyara

⋅ Mar 24, 2017 6:08 AM

@HappyVijay,

HappyVijay

⋅ Mar 24, 2017 8:32 AM

@padiyaraa, Thank you very much Sir ! Looks Like Island Living can be fun if on right side .... if Not then ..... :) But great to know how to identifiy such a patterns. Thanks

c2000

⋅ Mar 24, 2017 5:42 AM

excellent call

padiyara

⋅ Mar 24, 2017 6:15 AM

@c2000, thank you

HappyVijay

⋅ Mar 24, 2017 5:02 AM

Wow ! Just saw the Bank Nifty near Your Second Target 21140, And if its pull back Wave came back almost 20-25% of down move from 21300 to 20757 :) So can we see down move start soon ?