BNF is currently in a consolidation zone.
The consolidation phase might end tomm or might go for next couple of days too.
But if BNF crosses the support line then immediate target will be 23150. Set the alarm.
If resistance line is breached then target will be 24150. Set the alarm.
Nifty is also stuck in a consolidation phase since last four trading sessions between 12000 and 11880.
Currently I am bullish based on positive global cues and few technical reasons. Let's see, whichever way market goes we should earn along with it.
If you want to survive here in a long run then remember the Mantra "No views against the market and no hopes with the market."
Play Safe & Happy Trade
Note: Views only for educational purpose. Consult your financial advisor before taking any trade.
The consolidation phase might end tomm or might go for next couple of days too.
But if BNF crosses the support line then immediate target will be 23150. Set the alarm.
If resistance line is breached then target will be 24150. Set the alarm.
Nifty is also stuck in a consolidation phase since last four trading sessions between 12000 and 11880.
Currently I am bullish based on positive global cues and few technical reasons. Let's see, whichever way market goes we should earn along with it.
If you want to survive here in a long run then remember the Mantra "No views against the market and no hopes with the market."
Play Safe & Happy Trade
Note: Views only for educational purpose. Consult your financial advisor before taking any trade.
Comment:
As said earlier Nifty holding above resistance is very much required but Nifty could not hold for 5 mins above 12000 and here it goes pulling down BNF too along with it.
Also If Nifty breaks our resistance too then a good move upwards is confirmed.