Arun_000

BANKNIFTY - PRICE MOVEMENT

NSE:BANKNIFTY   NIFTY BANK
1.Currently trading slightly above support 28329 & 200 Period EMA in day chart
2.Though overall sentiment is bearish , elliots wave and late recovery towards market close suggests the possibility of pullback
3.On bullish side,Price might go up-to 28581 or 28770
4.On bearish side, if it breaks and crosses below support 28329 & 200 period EMA ,then it can go up-to 27730
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