BankNifty - Navigating The Complex Correction in 39695-39275It was all amazing last few days as we have discussing how bulls could be trapped on the top close to 39695- which is one the key levels in the unfolding triangular correction
Have been student of astrology for last few years, it happened fortunately that I came across my bible book -American Ephemeris 2020-2030 on last Friday 24th March 2023 &
Realised that Moon will be passing through Gemini on 27th March 2023, I quickly updated on Saturday, 25th March about bulls short term trap
Wow!!! I was amazed how this structure unfolded
It is a triangular correction ---------------till the time 39695 -------key level is intact on upside
Trading Strategy
Holding Above 39400 - minor support we look for 39630-39650 touching the falling trendline
Once final leg upside is done & strictly holds below 39695 highs which should not be breached on upside, Index can drop to below targets
39275
Breaking 39275 - we look for 38925/39000
Thanks
Abhishek H. Singh, CMT
