BANKNIFTY Setup for Coming WeeksSupport 1 @ 45400
Support 2 @ 44500
Support 3 @ 43600
Resistance 1 @ 46375-46400
Resistance 2 @ 48000
Support-zone
TIME FOR ACCUMULATIONInteresting quarterly results came .
1. As expected due to global issues results were affected ,
2.Profit declined quarterly and marginally increased yearly still
this major fall came due to order book .
3.Still this price action comes as a blessing for investors and even for swing traders
4.The price has come in a demand zone ,
5.Short term price target Rs 1340 - Rs 1450.
6.Rsi in oversold zone
START ACCUMULATING THIS GEM OF A SHARE FOR DISCOUNTED PRICE
BANKNIFTY TOMORROW PREDICTION...#BANKNIFTY ANALYSIS. Today banknifty close on support it means tomorrow may be gap up or in bullish form so let's see tomorrow. If the market cross 40043 zone then we can go for CE(CALL) FIrst target= 40170,40264,40293,40389. If the market cross 39900 zone then we can for PE(PUT) First target= 39741,39601,39565.
ASHOK LEYLAND IS IN DOWNTRENDIT ALREADY CROSSED 2 STRONG SUPPORT ZONE.SO NOW IT HAS A CHANCE TO GO DOWNTREND FOR SOME TIME.SO WE HAVE TO WAIT AND WATCH.
BHEL IS IN SUPPORT ZONEIT IS ALREADY IN SUPPORT ZONE.AFTER IT REACHES CLOSE TO THE SUPPORT ZONE IT HAS A CHANCE TO GO UPTREND BKOZ IT IS ALREADY IN OVERSOLD POSITION.
TCS IS IN SIDEWAYSIT IS ALREADY IN SUPPORT ZONE AND ALSO THERE IS NO STRONG BREAKOUT.SO IT WILL GO NEUTRAL OR SIDEWAYS
