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padiyara
Mar 22, 2017 2:21 AM

BANKNIFTY: 21019 Below 20980 can go down to 20890 & 20830  Short

Nifty Bank IndexNSE

Description

Below 20980 can go down to 20890 & 20830
Weekly BN up side target was 21555
and down side target is 20650.

Above 21050 can go to 21098 & 21380

Comments
HappyVijay
How many days to reach Target Sir ?
padiyara
@HappyVijay,
considering that we have completed a wave i, the wave two is generally swift and usually take 20% time of wave i.
so expecting 16 to 20 days may be.
sivasumk
@padiyaraa, when i can go long?20830?
padiyara
@sivasumk, Go with the trend. those level are given for a day only. Not any turning points.
Please dont read it that way.

A weekly and monthly level also is given m check that and keep watching for a reversal after
the market settle down its correction and , then think of entry level.
venkaticr
Rocking once again on BNF. Now 130 point short of 20650. If gap down tomorrow near 20650 can we go long or further downside till March expiry.
padiyara
@venkaticr,
Defenitly,

Could you see the ISLAND now. the reversal is pending.
venkaticr
@padiyaraa, Yes. Now can we expect 21500 by March end or it will go for deeper correction which is already overdue for last 2-3 months. No major correction and only upward movement from 17600.
padiyara
@venkaticr, yah 16 to 20 dayss may be, wave ii is usually deeper like zigzag. so we can expect any thing like 62%.
Note that, i was telling only a minimum target first 38%.
Harsha3636
Any weekly options for today and tomorrow
padiyara
@Harsha3636, watch Apollohosp:1195 Target 1220to 1300
SSL1185 (very strict stop)
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