Monday, July 24

Will Bank Nifty pause its uptrend near 24476-24480 ?

As discussed in Last Analysis Time Cycle will change for bank nifty on 23 July as its is Sunday so we can see effect either tomorrow or Monday. High made today was 24389 and low made was 24066 so again bank nifty did not break and again did the target of 24120/24270. Now we are waiting for 24389/24480 to come. Till 24000 is not broken on closing basis, bank nifty bulls will have upper hand till we do not reach 24480-24500 range. High made today was 24460 so bank nifty did the remaining target of 24389 and almost did the 2 target of 24480. Now the range of 24476-24480 is very very important considered very sacred as per vedic math  Close above 24480 target comes at 24649/24760/24840/25000. Unable to do so we can see correction till 24260/24120/24000.  Bearish below 24000 for a move till 23830/23500. Are you trading on Luck or trading Skills ?


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