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Banknifty forming Head & Shoulder pattern.
Almost, about to complete in couple of Days ...
32500 is Strong Support Near neck line of Head & Shoulder pattern, if this is broken with large volume then goood downward rally can be seen ... of about 500 to 700 pts.
I hope you all like my...
As analyzed, BankNifty opened positive and we saw both side's crazy moves in the morning. I have suggested buying 33000 CE around 10:00 in the public channel which went from 170 to 230 odd levels. Overall a positive day as mentioned in the morning.
TradePro Premium members bought BN Fut around 32500 which easily gave 200+ points profit. SpanAttack subscribers...
As analyzed, BankNifty opened positive and slowly moved towards its major resistance 33000 zones which I also updated in Public Channel. TradePro Premium Trades sold BN Fut around 33150 which gave good profit.
Option buyers took 32700 PE around 265 which also have a good profit.
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Buy above 32100 for the targets of 32200, 3285, and 32400. SL for the Buy Trade would be 31985.
Sell Below 31900 for the targets of 31800 and 31700. SL for the Sell Trade would be 31790.
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Happy Trading!
InvestPro India Team
