Nifty bank is heading towards 1.618 to 19080 + STOPLOSS HUNTING. The bulls have still not taken a complete control. This is NOT A Trend Reversal.
Nifty is rallying up to touch 1.618 in 15 mins time frame mostly today or tomorrow it might touch and fall again
Bank nifty is near fib level 1.618
Bank Nifty and Nifty 50 pulled back of 19th (today) due to weekly option expiry day PUTS closure.. The actual target for the bank nifty for the weekly candle is 17000 and stoploss hunting which could fall upto 16800 or 16700.
Nifty IT has broken the channel but failed to hold it down however it has a chance to fall and retest the channel again with the pull back
Bank nifty has a very high chance to fall till 17000 + STOPLOSS hunting.
Yes back on Target 1 (daily candle) Target 2 ( weekly candle) Target 3 (monthly candle)
Nifty can break the channel and touch the support and reverse to uptrend