Sunday, April 10, 2016

Banknifty's View

Bank nifty 



Crucial Resistance for this week  :  16318 and 16422  Spot.  Be cautious. Exit longs and calls here.  You can reenter only if closes abv these levels.  If you witness a reversal back  tuseday  after drifting upper near 15780-15900, try to sell  near the levels  spot and hold it for a few days.
If fails to touch 16318 and 16422 this week , then, expect a down  to 14751 spot levels and then again it will break 14751  spot then panic on card.
My final target for this down move is 14751 spot. But I am expecting the target only after a reversal from  15780-15900  levels.
If closes below 14751 spot this week , then, it is all over.  Expect panic selling.
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2 comments:

  1. UnknownApril 13, 2016 at 4:32 PM

    what happened MK to your 14700 tgt? WW doesn't work every where dear...

    ReplyDelete
    Replies
    1. ChartkingApril 14, 2016 at 3:50 PM

      Yes, mam my counting is wrong ..!! But if ur saying that ww is not work every where mean should recheck our study.

      Delete

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