Akhil008

BANK NIFTY | Range bound | Wait for entry

NSE:BANKNIFTY   NIFTY BANK
Consolidating between 24180 and 24251. Waiting for breakout.
both side breakout happens dear but nothing clear, dont do lots of analysis after moving almost 1000 points in upside. its nature to down now when n how i dont know but , very little hope as u think after breakout its zooming up. first its test 23800 n 23500 ......lets see whats happens
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Akhil008 neelsjoshi
@neelsjoshi, I posted 15 min chart and the purpose was for very short term. Had I posted long term analysis I just don't explain in a line or two. I have drawn only two lines and I don't think two lines is a lot of analysis. And I never had any bias on single direction while posting. Also, it's not necessary for market to fall after every rally. There may be a prolonged period of positive bias in the market driven by strong fund flows, which continue to be huge in India.
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neelsjoshi Akhil008
@Akhil008, may be ur rite but i observe from last 25 or more yrs. this market n i always seen as i told u. but bank nifty is very volatile n everything possible. im only option trader n trade in strangles and covered call with hedging in banknifty only.
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