nifty bank is ready to shoot up for moving ahead next target which is 36000-36600 (1000-1600) point upmove we can see in next two - three trading session.
1.Nifty bank breaking the resistance of 35000 and immedaiate resistance is 35200 which will break soon.
2. Nifty bank is overall uptrend.
3. Looking the opportunity for long with the sl 34830 entry around...
We have Wave 1 complete in the downward direction now is forming Wave 2 which is an upward correction;
Hence this is a temporary buy move till the price reaches the Supply Zone formed between 24210.20 and 25232.60
From this Supply we have a Wave 3 in the downward direction which will be our next Trade;
For now Buy 24200...
As discussed earlier price forming a pattern at the channel support and today it was like a constipation trade, expecting a break from the pattern and Gap up open is a good possibility for tomorrow open.