Hi friends,
Bank nifty is resting after a sharp spurt.
Lets look at the structure its making right now.
As of now i see we have
finished an abc and now
in process of making
another abc .
The c of second abc
can finish either at
12000 or 11950.
From there i expect
rise towards 12350.
Let bank nifty do
this and would look for further structure development ,This structure is valid till we
hold 11860 ,Lets see how banknifty moves in next few days.
Regards
Rish
Bank nifty is resting after a sharp spurt.
Lets look at the structure its making right now.
finished an abc and now
in process of making
another abc .
The c of second abc
can finish either at
12000 or 11950.
From there i expect
rise towards 12350.
Let bank nifty do
this and would look for further structure development ,This structure is valid till we
hold 11860 ,Lets see how banknifty moves in next few days.
Regards
Rish
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