Bank Nifty ripe for consolidation, Weekly analysis
Last week we gave Nifty Chopad level of 16086 Bank
Nifty opened with big gap up made low of 16157 and marched higher made
a fresh all time high,As we have FOMC meeting and expiry lying ahead so
trades should trade caution as wild moves are bound to come in bank
nifty. Lets analyze how to trade Bank Nifty in coming week.
This sis what we discussed in last analysis Bank Nifty hourly charts are trading in contracting triangle, triangle breakout comes above 15150, if broken and closed over it bank nifty is heading to new high towards 16309 by Mahurat trading session. New High was made one day before Mahurat session, Now long should be cautious and profit booking is..
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Bank Nifty Hourly
This sis what we discussed in last analysis Bank Nifty hourly charts are trading in contracting triangle, triangle breakout comes above 15150, if broken and closed over it bank nifty is heading to new high towards 16309 by Mahurat trading session. New High was made one day before Mahurat session, Now long should be cautious and profit booking is..
posted by Bramesh at
6:51 AM
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