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Where To Sell BANKNIFTY?

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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Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

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