BANK-NIFTY
Long Term-Bank Nifty is prepped nicely, for a push towards 20k.----Long Term---
After failing to push beyond 22k in April, Bank Nifty is poised to make a run at it again. The bulls will start accumulating positions at previous lows of 16,800s over the next week. We can see the prices moving north in the first week of June, with the whole of June witnessing a decent bull run.
-Farty
BankNifty for next Week 2-6(Mar-2020)Last Week 1000+++ point fall and closed near 0.38% Fib Level...Breakout of 29200 then can see upside movement for next levels 29600,30000,30400
Breakout of 28900 then can see downfall for 28600, 28200, 27500.
Imp Zones - 29650-30000(Sideways), 29000-28700(Sideways)
Major downfall expected if not able to break upside 29200 on closing basis.
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