Bank nifty swiftly retraced and pulled back.
in nifty too correction is not going to last long.
it has touched the channel line ,let us see if pulls back from here or not.
if not it may fall to 38.6percent retracement zone.
It appears to me nifty will bounce back soon.
Keep an eye of metal sector particularly with ferrous ones this time.
Indeed on Friday I was waiting for an opportunity to but bank nifty 39000 ce
the deep came just with in 15 minutes of the market opening 39000 ce rose from 400 plus levels to 900 levels.
my logic for its buying proved right.
Of course after achieving the value faded to wards the end.
I may be posting my bank nifty chart with my closed group want to join me ? you can.
in nifty too correction is not going to last long.
it has touched the channel line ,let us see if pulls back from here or not.
if not it may fall to 38.6percent retracement zone.
It appears to me nifty will bounce back soon.
Keep an eye of metal sector particularly with ferrous ones this time.
Indeed on Friday I was waiting for an opportunity to but bank nifty 39000 ce
the deep came just with in 15 minutes of the market opening 39000 ce rose from 400 plus levels to 900 levels.
my logic for its buying proved right.
Of course after achieving the value faded to wards the end.
I may be posting my bank nifty chart with my closed group want to join me ? you can.
Comment:
first sign of pull back will be closing above 20 dma shown in the chart.
Comment:
opportunity to but should be opportunity to buy in the above sentence,
Comment:
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