Banknifty in 2 days have lost more than 1000 points and today has given a doji candle after testing 44300 levels.
On the hourly charts, a bearish moving averages cross over has been formed. Banknifty has given a nice fall and can take halt for a day before giving a fall.
Market now after 1000 points fall may take a halt or retest before another fall.
On 15...
Hi everyone, Nifty50 index has broken it`s important resistance 16,400, if sustains below can go upto 15,100/15,650 & 13,600 (targets identified from harmonic xabcd pattern level 0.786/0.886/1.131) index has become breaish on 1W chart. NSE:NIFTY
No doubt that market will be highly volatile ahead of Budget
Summary
1) As of now you can see that Nifty is trading in one particular (white) channel in which it had given a breakout in past and made an ATH of 18604.45
Channel width is 1,566 points.
2) In the chart there are 3 EMA's 10 is red, 20 is green, 50 is blue.
3) There is also a Red channel which has...
