CNX FINANCIALS & NIFTY PVT BANKS

Jul 12, 2020

Both CNX FINANCIALS & NIFTY PVT BANK indexes have made Bearish Harmonic AB=CD which also happens to be v close to their weekly & monthly Ichimoku resistance. Financials could retrace till 10500 while Pvt Banks could retrace till 11500. View would negate if they move and sustain above 11500 & 13100 respectively.

Jul 14, 2020

Note

CNX FINANCIAL approaching its min expected level of 10500, if that does not hold then next level would be 10300. NIFTY PVT BANK now at decent support zone of 11700-11400 which most likely could act as a strong support, however, if that gives way then next support is all the way down to 11000