If May fall if 24500 is broken , Targets are based on fib extension. on weekly 23.6 % retracement and Fib extension meeting at 21800. This is likely to happen in coming few weeks or months.
once 21800 is broken next target would be 19900. This seems too much however this can be used as best time and level to invest for long term. 19900 is 23.8 % retracement from...
Bank Nifty is weak compared to Nifty. Any fall in Nifty would trigger 2x fall in Bank nifty. Range is 36000 - 37000.. Best to sell call n put at these levels.
17300 will be important levels to watch as seller will try to defend these levels. once broken we will see short covering move. If 17000 is broken 16600 can be seen.
