Friday, January 25, 2019

Banknifty chart

Nifty is range bound with lot of whipsaws 
In my last post nifty elliottwave we did see 
a good triangle consolidation and a break above it
and now again whipsawing above breakout line.

Lets see banknifty chart.

Right now its evenly poised mind is running both sides :). lets see which side banknifty turns.
50DMA is at 26900 thats a good area for reversal .If it goes below that the things start to look
diecy ,I think next week picture should get clear we have been witnessing these whipsaws for
some time now.


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