BANK NIFTY TIPS

Yesterday great for PAID subscribers, We sent many calls since 15 days. All  subscreibers are enjoying it, BUY NIFTY and SELL also, AXISBANK bought, AUROPHARMA intraday sold, BANKNIFTY perfect and point to ponit prediction, ACC, BHARTI AIRLET intraday bought, ZEEL future, TCS, ESCORTS etc..

All are achieved targets and SUBSCRIBERS enjoyed all follow up.

Now here is BankNIFTY spot update for trend identification.

The Gravitate price is being played such as magnet which has a yellow color with a number (0) to (8). If you see it closely from left (0) to (8).

We have seen selling and profit booking with high of 30058 which is also written by me. Price is going to hit at “blue-channel-line” which is the point at 29387.

I have written yesterday: Don’t overlook the BLUE channel, which is still active. Therefore, the blue support line pushes Banknifty price to upside 29387 nearby.

Click here to see more about yesterday what I said.

• Formed bearish candle which resembles a ‘Dark Cloud Cover’ on the daily chart .
• The important event of next month.

Below conclusion is from the daily chart:
If weekly close makes slightly higher than today price the continuation of the trend is possible till 32500
any reversal on daily one can look for a fresh entry for the next move up.

Spot bank nifty closed at support.
Last hope at 29211.
Trend line support 29395 – 29450

Even if the trend channel is continuing, and the following possibilities still exist;

• 1) Gravitate price will attract the value, so long traders have target 29977.
• 2) The support at 29395-29450 will push the nifty toward to 29700.
• 3) Last hope at 29211, if bank nifty slip to that will be a pure bearish trend.

The formation of a bearish candle following a bearish Belt Hold on the daily scale indicates that bears are now forcing the market to restrict its momentum.

It can slip the next 1-2 sessions if above is not existing.

We’ve observed a nice fall in bank-nifty yesterday, but till we do not think to stop move up by it. Look at the chart closely, you can find great support for intraday traders and target too.

There are till bulls have much power, and you can get great opportunity to Double/Triple your money by option trading on bank nifty. Yes, you can check the above level for intraday entry.