15 min chat analysis Bank Nifty 2/9/2115 min chat analysis Bank Nifty 2/9/21
As the bank nifty is making the new pattern again that most of the people know. Tomorrow it will give us the breakout but the market should open at the previous close (Not for big gap up or gap down).
Confirm upside breakout level at 37000 (Act as resistance).
Support at 36450.
The sideways range is between 36970 to 36470.
(Note: Whenever you check the range you should make sure that to check 15 min close candle only. People try to check for every minute close it may panic in the trade and end up losing money.)
Happy Trading!
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Nifty Daily Chat is in bullish extensionThe daily chat is explaining the important Fibonacci extensions and the current range is 12722-13185. If it breaks the current higher range then the immediate upside is 13426 and most probably this will be the highest point in this run.
One it reaches the given highest point I am expectation these retracement points 12536/12325/12026 before sail towards 14422.
Classic Head and shoulder in making on NIFTY50Can see classic Head and shoulder in making since couple of days, Currently right shoulder is in making. It may have reverted to upside with breakout of mini coil but today's action in nifty says some more pain is coming. Need to see closely
Also most of indices, #CNXSMALLCAP, #CNX500 has some story but today's strong action in NASDAQ and S&P500 may take few more session to unroll what will happen next