BNIFTY: After threating to fall all the major supports,BNIFTY bounced back sharply and managed to give a close above its 25DEMA. Positive DEMA Cross over in 5Min/15 Min charts once again gives a hint on a possible rally n bank nifty.If it mmanages to sustain at 47500 levels the next level of resistances are R1 47800 2.R2: 48000-48100 .R3 48400-500.Between 48000-48400 zone BNIFTY has got an unfinished job of filling a BULLISH Gap.Trade with levels,book profits regularly and learn to trail your stop loss.
Comment:
as predicted the bullish gap upto 48400 filled.enjoy the profits.47500-48500 -1000 points rally as projected n a weeks time.