BANKNIFTY [18th December 2020]
** PLEASE NOTE THAT ALL LEVELS MENTIONED ARE SPOT **
Good evening! The index closed above the crucial 30800 mark suggesting a possibility of further up-move. 30600 should act as crucial support, a breach of which will lead to a correction. Consecutive close(s) above 30800 will confirm a resumption in the ongoing Bull Run.
LONG, if the index sustains above 30600 for targets of 30800-30950-31350. In case of a gap-up, one can go long if the index trades above 30950 for a short-covering led rally.
SHORT, if the index breaches 30600, for targets of 30350-30200-29900. In case of a gap-down, go long if the index seems to take support @ 30600.
** Like/Comment with your critical inputs. There is no end to learning. **
Good evening! The index closed above the crucial 30800 mark suggesting a possibility of further up-move. 30600 should act as crucial support, a breach of which will lead to a correction. Consecutive close(s) above 30800 will confirm a resumption in the ongoing Bull Run.
LONG, if the index sustains above 30600 for targets of 30800-30950-31350. In case of a gap-up, one can go long if the index trades above 30950 for a short-covering led rally.
SHORT, if the index breaches 30600, for targets of 30350-30200-29900. In case of a gap-down, go long if the index seems to take support @ 30600.
** Like/Comment with your critical inputs. There is no end to learning. **
Penafian
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