BANKNIFTY WEEKLY ANALYSIS By Omahto
Currently Nifty Bank Has Fallen Like Anything. But Look At The Magic Of Harmonic . It Met With The 0.886 PRZ in And The Fall Has Stopped.
But In Case We Break That Level i.e 30600 And Close Below That In Daily Time Frame. We May Fall Till 29000 -28648.
But Chance Are Less As It Has Fallen Too Much. Now If You Choose To Look For Ultra Longs In Intraday Between Nifty And Banknifty , I Would Prefer Banknifty.
In The Higher Side If It Sustains Above 32500 Then We Can See A Upside Momentum.
Important Support And Resistance In Higher Time Frame
Support- 30600
Resistance 32500
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But In Case We Break That Level i.e 30600 And Close Below That In Daily Time Frame. We May Fall Till 29000 -28648.
But Chance Are Less As It Has Fallen Too Much. Now If You Choose To Look For Ultra Longs In Intraday Between Nifty And Banknifty , I Would Prefer Banknifty.
In The Higher Side If It Sustains Above 32500 Then We Can See A Upside Momentum.
Important Support And Resistance In Higher Time Frame
Support- 30600
Resistance 32500
For Nifty And BankNifty Calls
Join Our Premium Group
Contact Detail Given In Profile Page
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