As we see NIFTY take support from the 200EMA and 0.382 FIBO LEVEL after being bearish from the last 3 days. NIFTY will start its bull run again if it sustains above 200EMA.
volume buying happend as analyse on chart and now moving above 540
buy Banknifty cmp 34610 spot sl below 34520 spot tgt 34710----34820 trade with as per ur risk if come near 34550 i will add one more lot
Right now, Nifty is continuously breaking its all time high's. But its in the edge of rising edge pattern. The Rising wedge will most likely to push the market downward for some correction. Also the RSI is in overbought levels. Correction can start to happen anytime. Wait for the RSI breakdown for short for a target of 15200 & 15000. 15000 will act as a Strong...