Nifty is strong than BankNifty, Negative opening will be panic
If nifty Closes below 8937 in 30 min TF Bearish targets will be as below.
Target1-8888
Target2-8760
The levels on the charts will become resistance if gaps down happens and Bearish entry can be made. from the levels in the pull back.
Trading on 22nd April will be tricky so keep watching the link below.
( If in case gaps up or it does not give close below 8937 a bullish entry can be made to target 9030, This i will update during market hours)
View is completely negative.
Cheers!!
in.tradingview.com/chart/H17pzSY2/
Target1-8888
Target2-8760
The levels on the charts will become resistance if gaps down happens and Bearish entry can be made. from the levels in the pull back.
Trading on 22nd April will be tricky so keep watching the link below.
( If in case gaps up or it does not give close below 8937 a bullish entry can be made to target 9030, This i will update during market hours)
View is completely negative.
Cheers!!
in.tradingview.com/chart/H17pzSY2/
Comment:
There is a harmonic bullish pattern also forming but if the global condition becomes bad it can fail. So i will close all my position when it reaches 8880. and may enter again according to the situation.
Trade closed: target reached:
Though i have not traded today due to lack of time, but expected counter move happened. If anybody have followed the analysis would have got nice profit today.