BANK NIFTY , PREVIOUS WEEK IT HAD ENDED AS A SPINNING TOP.
AND AFTER THE TUG OF WAR THIS WEEK BULLS HAVE SHOWN LOT OF STRENGTH TO SAVE THEMSELVES FOR BREAKING THE SUPPORT ZONE AND TURNED THE LOOSING SIDE TO PARTIALLY THE WINNING SIDE BY FORMING " DRAGON FLY DOJI ".
WHAT NEXT !!!
BULLS WILL FACE THE FIRST STRONG RESISTANCE AT THE WEEKLY CANDLE HIGH - 27311.05.
(OTHER RESISTANCE HAVE BEEN MARKED IN THE CHART)
" 27445.65 WILL BE A DECIDING POINT FOR BULLS "
TREND LINE WILL ACT AS A STRONG RESISTANCE. (THIS MAY BE A DECIDING POINT)
ON THE OTHER SIDE,
BANK NIFTY HAS BOUNCED BACK FROM THE STRONG SUPPORT ZONE.
27041 WILL ACT AS A SUPPORT AND BELOW THAT IT CAN HEAD TOWARDS SUPPORT ZONE.
AND AFTER THE TUG OF WAR THIS WEEK BULLS HAVE SHOWN LOT OF STRENGTH TO SAVE THEMSELVES FOR BREAKING THE SUPPORT ZONE AND TURNED THE LOOSING SIDE TO PARTIALLY THE WINNING SIDE BY FORMING " DRAGON FLY DOJI ".
WHAT NEXT !!!
BULLS WILL FACE THE FIRST STRONG RESISTANCE AT THE WEEKLY CANDLE HIGH - 27311.05.
(OTHER RESISTANCE HAVE BEEN MARKED IN THE CHART)
" 27445.65 WILL BE A DECIDING POINT FOR BULLS "
TREND LINE WILL ACT AS A STRONG RESISTANCE. (THIS MAY BE A DECIDING POINT)
ON THE OTHER SIDE,
BANK NIFTY HAS BOUNCED BACK FROM THE STRONG SUPPORT ZONE.
27041 WILL ACT AS A SUPPORT AND BELOW THAT IT CAN HEAD TOWARDS SUPPORT ZONE.
HIT 28126.85
HAVE A HAPPY WEEKEND :D