Bank Nifty - Bullish for further 49000 levels???

Apr 4

BNF looks bullish now but if we see the daily candlestick - it creates confusion in the mind.

Simple analysis:
Gap Down Open - Confusion/Reversal
Gap up Open - Must be above top blue line

Bullish - Prices must hold above top blue line!

NTZ = NOTRADING ZONE (Avoid fresh entry)

Apr 5

Note

Almost flat opening. Chances of reversal/ failure is there!

Apr 11

Note

first target achieved

Apr 15

Note

BNF opening today in the NTZ! This analysis could achieve 1st target only towards upward move! Mindset changed now! Neutral till prices keave the NTZ.

Apr 15

Note

Sell on rises activates!
The Rises
1st 48200-280

2nd 48350 to 48475

Apr 15

Note

The 1st rise worked very well today!

Apr 18

Trade closed: target reached

both upward and downward targets achieved!