yvatsji

WHATEVER SHARED SAME HAPPENED!! SEE THE POSSIBILITY OF BNF ON 20

Long
NSE:BANKNIFTY   Nifty Bank Index
IN YESTERDAY POST I SHARED THAT A PULLBACK IS EXPECTED, SAME HAPPENED . SHARED POSSIBILITY OF GAP DOWN IT WAS. NOW TOMMORROW PL SEE IN FIG THAT FIVES GAPS WERE MADE IN PREVIOUS DAYS. NONE WAS FILLED .BUT TODAY IS THE FIRST TIME WHEN GAP IS FILLED.THIS SHOWS THAT WE ARE VERY VERY NEAR TOWARDS OUR BOTTOM .IT MEANS THAT BULLS(SMART MONEY) HAS ENTERED IN MARKET. NOW THEY WILL START ACCUMULATING FROM MARKET.THIS PROCESS WILL TAKE TIME . IF 25622 IS TAKEN OUT IN THIS PULLBACK THEN BOTTOM IS FORMED . OTHERWISE WILL SEE A NEW LOW IN COMING DAYS. BUT THAT LOW WILL NOT BE FAR AWAY FROM TODAYS LOW. THE NEW LOW WOULD BE PART OF ACCUMULATION PROCESS. TOMMOROW TRADING WILL BE RANGE BOUND. TWO RED LINES ARE SHOWN IN FIG . THAT IS THE RANGE . MARKET CAN PROVIDE TRADING OPPURTUNITY ON BOTH SIDES.

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