Wedge Pattern breakout in Weekly. Hopefully at the good support level. Any close and sustaining above 1510 is good opportunity
BankNifty still did not broke the Channel. Today BNF has broken Weekly and Day CPR. If the BankNifty has broken the channel, then Virgin CPR and Monthly Pivot is there to support BankNifty at 35000 ranges.
Today closing below the Weekly CPR would be acting as a resistance. Any upwards which breaks Weekly CPR and upper trendline will go for a long. If market fails to break Weekly CPR, then go for short.
DRREDDY is entering nearby support and yet to be bullish. Keep an eye on DRREDDY.
SBI has entering its downside of the trendline where it takes the support. SBI is retested and its about to fly. Just Keep an eye on SBIN.