BankNifty- Magical Channel- Looking Left Trading Right

Bank Nifty Opens at 20150's zone travels to channel top@20264 gets resistance & falls to 19996 -which is in proximity of earlier swing high@20015 shown as blue trendline. This is how channel & previous highs worked as halting points for Bank Nifty

Trade active: 13:05 Hrs- 23rd Sep2016

Bank Nifty is Trading at 20010 same support as of yesterday -let the support be broken or If Bank Nifty crosses 20050-20060 zone - has potential to touch the zone of 20170-20180 again where it should get resistance of the channel drawn.
Trade active: 19:23 Hrs 23rd Sep2016

Finally the support zone of 19970-20015 was broken & there was nice move down for 100 points, making a low@19861 & touching the center channel.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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