banknifty is similar to the nifty it formed cup&handle pattren looking bullish,after break & retest the trend line from the top target till 37480,if it gapdown it will may reach till 36530
currently formed a cup handle pattren and with channle pattren(17610-17530 ) and also no trading zone from 17500-17550, after the breakout of 17610 we can go for buying till around 17660, i think there is no sellling in the market because its very bullish ,if market take gap down and break the channle and also no trading zone then we can move to the selling side...
Banknifty was stucks in between channel pattren don't go long until breakes close above 36430 level target till 36830,37000,and also don't go short aggressively till it make some price action in minor time frame
BNF for tommorow : in the larger scale it look like a cup and handle pattren,and also it forming higher highs and also,it respecting the fibonnaci in supply area ,also formed a trend line on the top with multiple touches(more than 4),if market crosses on above 35720 it will be bullish and the tgt will be the 35900 and 2nd will be 36000 (rarely).if market gone...
NIFTY;already formed a cup handle pattren and breaked out from there and haltted at the resistance zone,and also took support by 200ma,if it breaks and close on above 16715-16720 it will be bullish and we will get the target till 16820,16850.if it gone bearish it has to breaks and close below 16630 and it tgt 16560,16500-16490
