Saturday, February 6, 2016

Banknifty Positional View

"Banknifty = Rajdhani Express."

Banknifty formed the paralleled zone 14754 (ABC Pattern) on 20-01-2016.
If failed to break 14754-14731 spot once again in the next 2-3 days, then, expect a break of 15680 spot levels but confirmation is needed. 
 I repeat  15261 Spot. Confirmation points.
 1. Without any major retracements, the up should be speedy with heavy Volumes. 
2. It should break all the above  mentioned trend line with force. 
3. Break of 15261-15309 spot.


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