AbhishekHSinghCMT

Bank Nifty- Bearish Engulfing & Happy Jan2017 Series

AbhishekHSinghCMT Updated   
NSE:BANKNIFTY   NIFTY BANK
S-L-- Selling First & Buying Later

Bearish Engulfing Candle having high@18059 can put pressure on the expiry day- once BN starts moving below 17700 & sustaining down could lead BN down to 17350-17400 zone -most likely to finish X-wave & Start Fresh Upside Move in Jan2017.

Jan series could give a sizeable push upside into 19700-19900 zones where larger wave-(1) gets retraced by 61.8%

Trade active: 11:35 Hrs 10th Jan2017

Last price@18345

Day's High@18412

Jan Series as expected a sizeable push -half of the move done.
Trade active: 09:10 Hrs 11th Jan2017


Jan Series -Cheers will almost cross 18500 in today's session in gap up
Trade closed: target reached: 14:35 Hrs 25th Jan2017

Last Price@19300

1500 points in all-- Wow!!!

Happy Jan Series Ends close to 19250-19300 zone -we started from 17860's - I have completed positional 1500 Points call- An impulsive leg is almost complete.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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