This time Nifty is going to take immense time to get settle for fresh rally to
break the Resistance of 9000 Points ( Failed to Break 2 times in Past) .
So investors have excellent opportunity to take a position in the
Range of 8300-8150.
BANK NIFTY has consolidated @ 19500-20000 Range. With downward support @ 19000.
Upward Resistance @ 20000.
50 Day Moving Average Indicating Trend Reversal.
SHORT POSITION @ CURRENT LEVEL
TARGET @ 18500
SL @ 20200
SUN TV has reached its consolidation level, now its time for reversal.
Historical Moving Average breakdown supports our view.
SHORT @ CURRENT LEVEL
TARGET 1 @ 480
TARGET 2 @ 450
TARGET 3 @ 425
SL @ 565
I am excited to watch snowman has again reached its favorite zone. Follow this post to capitalise further movement .
IF Breakdown occur take LONG @ 55-50 RANGE
IF Trend Reversal occur TARGET @ 68-71 RANGE
CRITICAL SUPPORT 1 : 60
SUPPORT 2 : 50
According to MACD analysis, a bearish crossover just happened and it's a negative signal. But historically support is found in the range of 23.5 to 25.
Take Long position @ SUPPORT LEVEL 1
TARGET @ 27.5
SL @ 22