NIFTY & BANKNIFTY Weekly Plan Update W3
NIFTY & BANKNIFTY Weekly Updates:
Monday both NIFTY and BANKNIFTY took resistances at the weekly trend decider and tested lower to do the 1st downside targets before staging a strong reversal from those zones.
NIFTY: If we continue to hold above the Trend decider will look for a bullish continuation to test last week's high.Below the trend decider will expect value development in the marked zone before a decision on the next move.
BANKNIFTY : We have a new reference at 32520-600F , bullish on hold above and bearish to rotational on hold below.
Hold below expect consolidation between 32100-32450F.
Hold above look to test back the Jan highs
Monday both NIFTY and BANKNIFTY took resistances at the weekly trend decider and tested lower to do the 1st downside targets before staging a strong reversal from those zones.
NIFTY: If we continue to hold above the Trend decider will look for a bullish continuation to test last week's high.Below the trend decider will expect value development in the marked zone before a decision on the next move.
BANKNIFTY : We have a new reference at 32520-600F , bullish on hold above and bearish to rotational on hold below.
Hold below expect consolidation between 32100-32450F.
Hold above look to test back the Jan highs
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