BANKNIFTY looks like it's going to reverse
1. PCR ratio <0.6.
2. FII buying.
3. Strong Trendline Support.
4. Lower Bollinger Band support.
Short Term:
Target 1: 30500
Target 2: 30750
Target 3: 31250
Not expecting movement above 31250 tomorrow.
As it is expiry, short covering might occur so be careful when taking short positions.
Note: Post only for education purposes.
Rest Market Will Tell!
2. FII buying.
3. Strong Trendline Support.
4. Lower Bollinger Band support.
Short Term:
Target 1: 30500
Target 2: 30750
Target 3: 31250
Not expecting movement above 31250 tomorrow.
As it is expiry, short covering might occur so be careful when taking short positions.
Note: Post only for education purposes.
Rest Market Will Tell!
Dagangan ditutup: sasaran tercapai:
All targets achieved.