Likely to consolidate till 3rd week of August unless to closes above 500-510 in the intervening period and stays above these levels. Then the up move will come.
Support at 712. Resistance at 740. Consolidation period will be over shortly. By tomorrow afternoon movement will be seen. It is a long term hold for substantial return
Immediate target will be 637.A resistance created on the basis of double top at 642 (purple horizontal line) may not hinder its further up move for the reason that a deep bottom was formed after formation of double top. Extremely bullish chart in all form.
Very comfortably placed being well above the strongest support line and trying to break the next resistance line.Even if it continues to move in bullish manner below this resistance line, December target will be 1300
When Nifty crossed 10815 and closed above it today, Nifty came above a multiyear support line (base at 2008) after its transgression from the 1/2 support occured on the 9th March 2020. I am not sure if it will sustain, which can probably be concluded upon the performance of Nifty in the remaining days of the month
Tracking nifty on a regular basis with pin-point analysis. 10835 respected so accurately and on break of this resistance, next levels will be 10900, 10940.
As this week wraps up, we can see the some more downside pull back till 10770 to max.
For next week, will be sharing updated levels but more or less target points will be same, just direction will be decided...
BankNifty trading at a specific Gann Angle.20760 is a good support, if that breaks there will be consequences. 22,289 will be the big resistance to overcome.25191 remains the ultimate resistance zone. No point carrying the position over the weekend. Looks like more of a sideways movement.MACD is showing little negative bias.
