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WaveTalks
Jul 1, 2017 12:55 PM

BankNifty- In the channel -Trade below 23100 for 22950-22900 Short

Nifty Bank IndexNSE

Description

In the channel- once BN starts moving below 23100 -one can take sell for 22950-22900-22850 target in next trading session. Going above channel it can be bullish but bulls will regain power once it starts moving above 23500 mark which is a psychological level.

Trade active

11:00 Hrs 3rd July2017

Last Price@23315

Selling only below 23100 - Channel crossed on upside. BN rocks

Trade active

11:05 Hrs 3rd July 2017

Last Price@23290

Likely next set of buying only above 23325 if holds else take a tea break.
Comments
rajivghosalkar
Is it possible for you to provide a wave count to your chart ?
WaveTalks
@rajivghosalkar, Longer time frames counts are not clear & shorter counts don't make sense.
WaveTalks
@rajivghosalkar, Shorter timeframe counts needs adjustments as you never go right in 1st attempt & I am little short on time.
sandy
perfect sir
atiqy2k
Thanks for this ......once below 23,000 ....next support is 22,460 in daily chart......
WaveTalks
@atiqy2k, This target is based on 15 mins chart so it can extend as well downside but moving above channel we should be careful.
SAMNICK
Sir can you tell me about LUPIN and TV18 BROADCAST....Please explain me current month target or level
WaveTalks
@SAMNICK, Let me check.
SAMNICK
@AbhishekHSinghCMT, ok sir
SAMNICK
thank you sir
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