Volatility to be the King for coming week !!
There bearish indication on charts on weekly and daily charts but on shorter time frame 15-30 mins its creating bullish pattern, pattern still needs a breakout out. looks at these structure it looks we will have volatility seen over the week.
Key things to note any close above 22800 level we would see a strong up move in nifty till 23400. any close below 22350 will open doors for 21800 again !! Friday close was exactly at support area.
Bank nifty is still not out from short term bearish side, need a close above 49200 for more upside till 49600-50K level, any close below 48600 will open doors for 48200 and below.
Key things to note any close above 22800 level we would see a strong up move in nifty till 23400. any close below 22350 will open doors for 21800 again !! Friday close was exactly at support area.
Bank nifty is still not out from short term bearish side, need a close above 49200 for more upside till 49600-50K level, any close below 48600 will open doors for 48200 and below.
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