Banknifty resistance starting from 27777 to 28073 as per channel.
Last update was for paid customers at 27777 for sell which was below (4).
- Nifty is going to open gap up 78-89 points positive. Expected 110-129 points positive after opening. We have created a sell strategy for NIFTY
- Wall Street opened lower on Friday.
- Oil prices fell on Monday.
- Moody’s Investors Service on Friday cut India’s GDP growth forecast for 2019 calendar year to 6.2
- percent from the previous estimation of 6.8 percent.
Let’s look at a higher timeframe chart.
As per the daily chart, fall is still left but the question is where to sell?
Detected tail in the last secession.
BANKNIFTY target updated on 2:00 PM 28th, AUG 2019
In the last update written to sell banknifty 28310 nearby but, I did not mention target and told you that will update shortly.
Banknifty made high 28245 and started to fall down.
Target banknifty 27743(trendline support) and breaking / staying below it will be a target at 27605.
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