Nifty highly likely to top @11930Nifty as per the analysis in the chart could be near a major reversal zone around 11900-11930. Most indicators are overbought and we can also see divergence in RSI. Advise traders and investors to stay cautious and trade with appropriate SL on all long trades. Chances of this happening in early September is very high.
Support and Resistance
BANK NIFTY OUTLOOK FOR COMING SESSIONSBANK NIFTY VIEW:
25650/25900 which would act a immediate resistance in coming days. Beyond this BNF has resistance @ 26400-26500 range.
A bounce from current level is possible. Else at the lower side, it has good demand zone at 24450-24150 range where we can buy BNF for the resistance level targets.
The channel bottom is marked @ 23400 level.
Note: Moving beyond this needs a fresh view. The chart and view is for education purpose only.
-KG
ashok leylendashok leylend target 26-09-2018
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