Hi friends,
Banknifty stocks holds the most weight age in nifty,So mostly
we see banknifty has a bigger say in Nifty directional move.
Lets see the banknifty Bar chart and try to count its waves.
We look from the chart
we have repeated abc correction
A possible case of
tripple zigzag ,We would see
how it unfolds ,As of now
my expectation is a fall to
any of yellow line levels
and bounce back to 10400-10450
levels ,There i expect the pull
back rice to finish.
Lets see how Banknifty performs in next few days.
Regards
Rish
Banknifty stocks holds the most weight age in nifty,So mostly
we see banknifty has a bigger say in Nifty directional move.
Lets see the banknifty Bar chart and try to count its waves.
we have repeated abc correction
A possible case of
tripple zigzag ,We would see
how it unfolds ,As of now
my expectation is a fall to
any of yellow line levels
and bounce back to 10400-10450
levels ,There i expect the pull
back rice to finish.
Lets see how Banknifty performs in next few days.
Regards
Rish
No comments:
Post a Comment