Bank Nifty -Selling Below 44500 for 43600 -The Impulse Ends

23 Ogo 2023

Channel Trading
The impulse which started from the tops of 46310 could complete close to 43345-43600 in next few days as suggested in the last idea mentioned below & shown by the black downside arrow

The Last BankNifty Idea

24 Ogo 2023

Dagangan ditutup secara manual

09:13 AM / 24th Aug 2023

Gap up opening above psychological level of 44500 invalidates the idea as we suggested avoid selling if Index moves above 44500

24 Ogo 2023

Dagangan ditutup secara manual

2:15 pm / 24th Aug 2023

Today's gap up opening seemed to invalidate it, but it was a classic trap. Index U-turned from 44,950 and neared 44,500. A classic trap for bulls with the gap up. As long as it holds above 44,500, bulls breathe easy. But if it drops, bears take command.

25 Ogo 2023

Dagangan ditutup secara manual

10:42 Hrs / 25th Aug 2023

Current Price or Last Price @ 44065

reached minor support zone 43940 & current low close to 44000 can act as support zone & bounce back again to 44500+ cannot be denied. Strictly Plan to buy only if it holds above 44000

25 Ogo 2023

Dagangan ditutup secara manual

11:43 am / 25th Aug 2023

Superb Bounce of 250+ Points - Coming Next with Idea : Magic of Centre Line Reversal & 43940