AbhishekHSinghCMT

Bank Nifty--2 Zones Before Falling Again..

NSE:BANKNIFTY   NIFTY BANK
5
(L-S....Long First & Short Later).....Bank Nifty could be a good example for polarity reversal. Bank Nifty could bounce from 18500-18525 zone if holds in that area for some time on 4th Aug 2016 session... two yellow arrows shown on left hand side could form hurdle in Bank Nifty's bounce --if it starts bouncing...
Polarity Reversal---Support turns into resistance & vice-versa.... 1st Hurdle for Bank Nifty could be 18715--18730 zone...

Look for these boxes as resistance zone for Bank Nifty in coming session of 4th Aug 2016..before they start falling again...

Current Price-18585

Regards,
Abhishek H.Singh, CMT
Trade active: 09:30 Hrs--IST--5th Aug 2016---Good Morning.... Boom.....Magic of GST or Magic of Impulsive Wave...Box 2 Hitting..Regards, Abhishek
Trade closed: target reached: Closed as BN kissing the 2nd Box ....18825--18875...Regards, Abhishek

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

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