AS PER THE PREVIOUS TRADE CALL ON YESBANK HAS BROKEN
OUT OF THE DOUBLE BOTTOM FORMATION
AND HAS MANAGED TO GIVE A PERFECT PULLBACK
SIGNS ARE GOOD TO GO LONG SO WE ARE ENTERING INTO
A POSITIONAL TRADE FOR THE COMING TW0 WEEKS
Hi Guys, I was busy over last few days hectic schedule & in coming days also it looks like that but I try to post as n when I get time. Regarding PM's people say that I'm online but not replying, No guys, browser tab will be minimized most of time & so it will show I'm online but I won't even be around the trading desk :)
Here in our Nifty, its breaking bad ...
First I had mentioned Gap Up n Down scenario's in Banknifty but as market opened I have changed it to one-sided scene.
(i) If trendline violated to upside wont sustain for longtime max 21650's only, then reverse to down
(ii) Touch n Play with trendline from Downside & Straight move to down
Today weekly expiry right ? Extreme guess work, BankNifty may reserve ...
It is been observed that nifty -0.48% is in the final leg of Descending triangle on 15 Min chart. 15th Dec 0.89% opening will be the crucial level for Nifty -0.48% .
If open below 8170 will take it to immediate support 8150 levels which is a crucial support at present scenario. In case nifty -0.48% could not sustain at 8150 will take it to further down of 7910 ...