vanathi

Bank Nifty - Weekly Review Oct 17 - Oct 21

vanathi Mod Updated   
NSE:BANKNIFTY   Nifty Bank Index
Double top resistance is at 39560 - 39640. Support is seen at 38460 - 38540 zone. Plan A : If price take support at 38500 zone then it will move towards 38720,38860,39040, 39200,39380 and 39520. Plan B : Sustaining 39600 zone, price will move to 39740, 39920 and we can expect resistance at 39980 - 40060 level. Plan C : Facing resistance at 39500 zone price may fall to 39320, 39200, 39040, 38880, 38700 and 38540. Market may give you different situation and you will think about Plan D too. Develop flexibility towards market situation.
Comment:
Bullish zone.
Trade active:
Oct 17 10.25 am long activated t1 done.
Comment:
On the way to next target.
Trade closed: target reached:
Plan B. Targets done.

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