Banknifty is looking good to go long
(Plz go through my previous weekly idea of bn)
1. BN retraces after touching 24100 (yellow marked line)
2. Took support and bounced from 23150 level
(previously marked; green line)
3. It has breahed 200 dma convinsingly in PDS
making a bullish engulfing.
4. A good rally may be seen from here. First target 25100.
This is supply zone as well, so bn may show some
profit booking. When this level (25100) will breach
next target is 26500
(Plz go through my previous weekly idea of bn)
1. BN retraces after touching 24100 (yellow marked line)
2. Took support and bounced from 23150 level
(previously marked; green line)
3. It has breahed 200 dma convinsingly in PDS
making a bullish engulfing.
4. A good rally may be seen from here. First target 25100.
This is supply zone as well, so bn may show some
profit booking. When this level (25100) will breach
next target is 26500
