BANKNIFTY SUPPORT LEVELS
SUPPORT 1: 28000
SUPPORT 2: 27692.
For long term reversal, we will have to wait till 27692. While analyzing the option data 28000 is strong support and with chart analysis, we can clearly see a reversal between 27650 to 27850. We should wait for a hammer pattern in 5-10 trading days.
With reference to global cues, we can see a reversal...
JUBLFOOD STANDING ON STRONG SUPPORT @ 50 MA ON 1 DAY CHART.
UNTIL AND UNLESS ITS BREAKS 50 MA SUPPORT WITH HIGH VOLUME IT WILL TAKE THE SUPPORT AND
AND STUCK IN A RANGE BETWEEN 1440 AND 1456 IN 5 MINUTE CHART. UNABLE TO BREAK 1440 A STRONG SUPPORT