Banknifty will touch 39700 again ?
Hello All,
Please refer my previous related idea where both side targets have been achieved and the next targets are still open.
Today BNF opened with +200 pts and profits booked sooner but overall yesterday and today structure seems like falling channel which more likely to break on upper side. Please refer the levels on chart.
We are seeing selling 2500 points from 22nd Sep with the head and shoulder pattern breakout and FED interest rate hike warnings.
Dow Jones opened with +300pts and immediately profits booked but it keeping the positive momentum let’s see how it closes.
FII has sold 2800 cr and DII has bought 3500 cr. This shows increase of buying and last few days DII not even bought for 10% of what FII sold.
Always trade carefully with proper SL because it’s your hard earned money.
Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade.
Please refer my previous related idea where both side targets have been achieved and the next targets are still open.
Today BNF opened with +200 pts and profits booked sooner but overall yesterday and today structure seems like falling channel which more likely to break on upper side. Please refer the levels on chart.
We are seeing selling 2500 points from 22nd Sep with the head and shoulder pattern breakout and FED interest rate hike warnings.
Dow Jones opened with +300pts and immediately profits booked but it keeping the positive momentum let’s see how it closes.
FII has sold 2800 cr and DII has bought 3500 cr. This shows increase of buying and last few days DII not even bought for 10% of what FII sold.
Always trade carefully with proper SL because it’s your hard earned money.
Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade.
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