BankNifty - Bullish Cypher between 23440-23450

Zone of 23440-23450 if holds which is 78.6% of XA leg -requirement for Bullish Cypher. Don't jump for trade wait for market confirmation & see some bulls are interested or not & then take your call.

Target Shall be 23550-23610- Above 23700+

Trade active:

09:20 Hrs 13th June2017

Last Price@23550

1st Target done @23550. 6 mins in the opening session.

Trade active:

10:00 hrs 13th June2017

Last Price@23545

Next if it drops & holds the zone 23490-23510 then one can look to buy again for 23600 & 23700 Target.

But - there is a big but -It should hold 23490-23510 zone next

Trade active:

10:39 Hrs 13th June2017

Last Price@23575

Bounced close from the zone of 23490-23510 - just shy of the zone from 23515 - Lollypop candle.

Trade active:

11:25 Hrs 13th June2017

Last price@23586

Trail Your Stops Below 23560 for running move -we entered as shown above 2nd time post book profits @23550

Trade active:

11:32 Hrs 13th June2017

Last Price@23578

Double Top at 23590.

We should buy next now only above 23600 -not immediately above 23590 if taken out down below 23560 - went close to 23566.

Trade active:

11:38 Hrs 13th June2017

Last Price@23586

Turns just above 23560 - Saved - Let us see if it breaks 23590 convincingly & runs above 23600

Trade active:

12:16 Hrs 13th June2017

Last Price@23580

False Break Out at 23600 So I suggested -let is cross convincingly then we think -so we shall close long position at 23580-23590

Trade active:

14:00 Hrs 13th June2017

Last Price@23555

False Breakout Suggested Before Time @ 12:16 Hrs 13th June2017 - in above update.

Trade with care -long positions only above 23605- if sustains.

Trade active:

14:45 Hrs 13th June2017

Last Price@23510

Happy Birthday Bank Nifty - Going below 23500

Trade active:

15:41 Hrs 13th June2017

Last Price@23477

Home loans passed initial screening. Got approved for bank loan from Bank Nifty Bank. Made sweet home - where we started 23440 - we ended 23445.

Trade closed: target reached:

Post Closed.