satyenaslot

satyenaslot

YES.......XABCD pattern, if holds, we are looking at BnF@47K. Personal View: Rates in US will tapper off this year. This will bring back the bullish sentiment in the world markets, and expected growth will pick up. BankNifty will see a good momentum going fwd.

satyenaslot

Personal View: It is very difficult to give a contra view on anything, since it is going against the Trend n All. From 15200 we had non stop run till 17700 in Nifty. I think there is a room for some correction as per the harmonic XABCD pattern. This would be ideal for the next Bull run where we can see Nifty breaking out over 19K. Target 17030

satyenaslot

Bank nifty is not able to get anywhere near its ATH of 37774 since Feb 2021. And Since Jun 2021 it has been trading in a 1500 point range (34500 - 36000). I see further fall in bank nifty from these levels to about 33500 - 33000, before any sizable move upwards. While broader market will continue to outperform, BNF is weak and unless there is resumption in credit...