Bank Nifty future May trade in the range 28165-29490.
Decision Level :28580.Above & below :Bullish & Bearish .
Above 28580 : 28670/28765/28859/28953/29047/29165/29259/29360/29490
Below 28580 : 28485/28390/28292/28165.
Above 29490 : BNF may test 30316.
Below 28165 : BNF may test 27800.
Some profit booking may come. First level to watch out for 29047/29165.
There is no trend reversal sign as of now. But Daily and weekly chart suggesting some profit booking/consolidation /trend reversal may come.
Disclaimer: Ideas for learning Only
Decision Level :28580.Above & below :Bullish & Bearish .
Above 28580 : 28670/28765/28859/28953/29047/29165/29259/29360/29490
Below 28580 : 28485/28390/28292/28165.
Above 29490 : BNF may test 30316.
Below 28165 : BNF may test 27800.
Some profit booking may come. First level to watch out for 29047/29165.
There is no trend reversal sign as of now. But Daily and weekly chart suggesting some profit booking/consolidation /trend reversal may come.
Disclaimer: Ideas for learning Only
Comment:
290/165 possible
Comment:
290 may be todays low...
Comment:
buy near 290-410 for 550/600
Comment:
above 460 ...550/600