Buy pe at 34720 level at strict sl of 34780 Trg 1)34350 2)34200 3)34100 and more if its trendy
Strong support at 34900 level Resistance around 35200 level If breaking of 34900 level and sustain market the down fall is expected.
Maximum pain is seen at 35600 level. Resistance seen at 35800 level. Cycological Resistance at 36000 level. Support at 35600 35500 and 35400 level. Except for a fall today.
There are signs of reversal in 1 minute chart.
Price action seen in 1 minute chart. You can make position in PE with minimal sl
THERE IS A RESISTANCE NEAR 34000 LEVEL. MARKET HAS OPEN GAP-UP . THERE ARE CHANCES FOR A FALL FROM 34000 LEVEL. WAIT FOR PRICE ACTION. AFTER CROSSING THE LEVEL OF 34000 THERE IS RESISTANCE NEAR 34130 LEVEL AND ANOTHER RESISTANCE NEAR 34300.
POSSIBILITY IS THAT BANK-NIFTY COULD TOUCH THE LEVEL OF 33500 . UPWARD LOOKING RESISTANCE AT 33900 AND 34000 LEVEL . BUT TAKING SUPPORT AT 33600 LEVEL . I'M THINKING THAT BANK NIFTY WILL GO IN SIDE WAYS DIRECTION AND RANGE WOULD BE FROM 33850 TO 33600 . BUT IF THIS LEVEL ARE BREAK THE THERE WILL BE UPWARD/DOWNWARD OF 250 PTS . BUT CHANCE ARE HIGH OF...
NIFTY IS STANDING NEAR ITS TREND-LINE RESISTANCE. ACCEPTED TO FALL FROM THIS POINT. PROBABILITY ARE HIGH FOR A FALL, BUT IT CAN ALSO GIVE BREAK-OUT AT THIS POINT. WAIT AND WATCH SITUATION