Nifty Bank IndexLong
#BankNifty
Updated
As in a chart there is a huge gap up between 29565-30102,
INDVIX forming a lower high and lower low, and currently stand @ ,it's indicating market will be more cheap in future time.
BankNifty is already fall from it's all time high, so we can expect that price will come down to fill this huge gap.
In future there is a probability BankNifty will come to it's fair price range @30102-29565, but the fairest demand zone stand @ 28670.
INDVIX forming a lower high and lower low, and currently stand @ ,it's indicating market will be more cheap in future time.
BankNifty is already fall from it's all time high, so we can expect that price will come down to fill this huge gap.
In future there is a probability BankNifty will come to it's fair price range @30102-29565, but the fairest demand zone stand @ 28670.
Note
Last day candle form a reverse hammer after a consecutive upward move from last 7-8sessions.Today price has been breach level of yesterday low (reverse hammer) so we can expect price will travel to 30102, but this price level many times tested so once this level break down side so we can see price will fall up to 29565 & another demand level is at 28670.
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