As suggested in previous idea, the rejection at 11300 level might push nifty towards 11075(gap and S2) and 10830 levels(gap and S3), but if we have a look at EW, the corrective structure has ended at 10790.20 and an impulsive move was initiated.
If Nifty holds above S1(11155) and crosses 11305(R1) we could expect R2(11450), R3(11600), R4(11754).
Downside Only...
The price has come to a key level of Resistance level where i look for a buy opportunity with SL of 18 Pips and TP of 80 pips. Price has also retested.!
19260 looks to be an important zone for Bank Nifty in coming days. Over and above target of 19500, 19685, and 20,000 looks a possibility based on hurdles being crossed at every stage.
