Bank Nifty Weekly Analysis for November Expiry
Last week we gave the Chopad level of 16840 Bank
Nifty gave long entry on Monday opening and achieved 3 target on upside
on the same day,Lets analyze how to trade market in coming week.
Bank Nifty trading in contracting triangle with range bound moves suggesting big move is round the corner. Break above 17300 can see move towards 17500/17600. Break below 16800 can see another move towards 16500.
Bank Nifty Harmonic
As discussed last week Bank Nifty made low of 16587 and bounced back, till 16587 not broken its buy on dips.
If 16986 not broken
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Bank Nifty Hourly
Bank Nifty trading in contracting triangle with range bound moves suggesting big move is round the corner. Break above 17300 can see move towards 17500/17600. Break below 16800 can see another move towards 16500.
Bank Nifty Harmonic
As discussed last week Bank Nifty made low of 16587 and bounced back, till 16587 not broken its buy on dips.
If 16986 not broken
posted by Bramesh at
11:19 PM
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