BANK NIFTY: Bank nifty after a bullish run took a pause today.
Major support levels :46700-750-Close below 46750 would make an attempt to fill the bearish gap upto 46500.
47000-47100/47270 acts as the resistance. Sustaining above 47300 -as per the Triangle pattern formed in lower time frame charts would make an attempt towards 47800-48000.
Those who are positionally long shall trail keeping todays low as SL and so on for the coming days also for a positional target of 48000 and eventually to 50k
(For Educational purpose only)
Major support levels :46700-750-Close below 46750 would make an attempt to fill the bearish gap upto 46500.
47000-47100/47270 acts as the resistance. Sustaining above 47300 -as per the Triangle pattern formed in lower time frame charts would make an attempt towards 47800-48000.
Those who are positionally long shall trail keeping todays low as SL and so on for the coming days also for a positional target of 48000 and eventually to 50k
(For Educational purpose only)
Comment:
As indicated closed the bearish gap extending upto 47500,need to see whether it takes support here
Comment:
as projected exactly tested R2 -47270 levels,sustaining above 47300 47500-47800 is on the cards
Comment:
as predicted TGT 1:47800 done,my positional TGT for BNIFTY is 50000