BANKNIFTY: 23986 Above 24030 Resistance 24110_24180 & 24240

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The entire bull phase from the bottom of 17607 BankNifty' gained 7593 points without even making any major correction. This fall I am expecting a minimum 38.2 % retracement which approx.: 22300. Before that, at 23400 area will have yet another strong support. I n the mean while, expect a short term oversold bounces. The following are the support / resistance levels for the further movements. The monthly volatility levels were to far to expect to reach in a month, so I summarize those levels to the nearest pivot values.

Below 23940 today’s Supports are 23860_ 23787 & 23711

Weekly above 24044 BN Resistance will be
24080_24140_ 24233 & 24390
Weekly below 23930 BN Supports will be 23830_23740_23586 & 23480

Monthly above 24260 BN Resistances will be 24327& 24470
Monthly below 24100 BN Supports 23840 _23730 _ 23610 & 23492
Good Morning. Welcome Back after long time. Seems hiding or improving your knowledge power for the last few days. Happy trading.
padiyaraa venkaticr
@venkaticr, I was on vacation, mentioned in many last postings.Actuality trying to catch hold the values. :D
venkaticr padiyaraa
@padiyaraa, Ok. major niagara fall happened during last week due to SEBI Circular and Trump Speach on North Korea. Long support has been broken. Will ahead for major fall this week?
venkaticr venkaticr
@venkaticr, First target reached - 24180
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