Watching the chart we can see that bank nifty was forming higher lows(HL) which indicates an uptrend and equal highs (EH) which indicates rejection...
as Bank nifty have already tested 35700 level 2 times we can expect a break out and a good target would be 36000 as huge amount of call writings are written at 36000 which indicates resistance...
IN SHORT : IF BANK NIFTY BREAKS 35700 WE CAN EXPECT A UP MOVE UPTO 36000
as Bank nifty have already tested 35700 level 2 times we can expect a break out and a good target would be 36000 as huge amount of call writings are written at 36000 which indicates resistance...
IN SHORT : IF BANK NIFTY BREAKS 35700 WE CAN EXPECT A UP MOVE UPTO 36000