BANKNIFTY

BANK NIFTY TRADING BELOW LONG TERM TREND LINES ,
AND TRADING ABOVE BOTH 100
AND 200 DAY EMA ,
AND RETRACEMENT LEVEL OF 61.8 FIBO LEVELS

COMING AT 26701.5 MAY BE A VERY HARD RESISTANCE TO CROSS


AND WE MAY EXPECT 26700 LEVELS NEAR TERM TOP,


AND SEEING RAJASTHAN ELECTION WE MAY DROP FROM THIS LEVELS TO 25200 LEVELS........AND 22800
LEVELS IF POLITICAL SCENARIO PERSISTS,
MAYBE ( BJP LOSING ALL THREE STATES 1) RAJASTHAN, 2)MADHYA PRADESH AND 3)CHATTISGARH...... AND TELANGANA...