Monday, November 7

How to trade Bank Nifty in US Presidential Election Week

Last Week we gave Chopad Level 19580 Bank Nifty gave Short entry on Monday and did 3 target on downside ,which were rewarded handsomely. Lets analyze how to trade bank nifty in coming  week.

Bank Nifty Hourly

bank-nifty-hourly
As discussed in last analysis Bank Nifty need a close above 19750 for bulls to become active bears will get active below 19500 for targt of 19200/19000.
19000 done for coming week holding 18960 bounce towards 19500/19750/20000.

Bank Nifty Harmonic Pattern

bank-nifty-harmonic


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