Temporary cessation in correction.
Güncellendi
With bank nifty closing above 38648
and with defenite propotionality of this assumed to be final(z)
with the previous one(y),it appears the correction has ended unless we violate 38648.
so any long position should have 38648 as stop loss on closing basis.
Fomc meeting of US schedule to take place next week.
due to the present banking crisis it is mostly likely that fed this time may take a softer stand.
this may initiate some rally in stock market.
In hourly time frame this leg of down side seems to be completed unless we find another zigzag connecting to it.
find out my last post of bank nifty just hitting the bullseye predicting one more leg down.
Connect with me by liking this post and following me.
and with defenite propotionality of this assumed to be final(z)
with the previous one(y),it appears the correction has ended unless we violate 38648.
so any long position should have 38648 as stop loss on closing basis.
Fomc meeting of US schedule to take place next week.
due to the present banking crisis it is mostly likely that fed this time may take a softer stand.
this may initiate some rally in stock market.
In hourly time frame this leg of down side seems to be completed unless we find another zigzag connecting to it.
find out my last post of bank nifty just hitting the bullseye predicting one more leg down.
Connect with me by liking this post and following me.
Not
Not
buy bank nifty at 39020 to 39040 with 50 points stop lossNot
bank nifty 39500 ce jumped from 250 to 300 plusNot
Not
I knew bank nifty will rise.picking bottom is not so easy task,as long as 38468 is not violated it will rise.from my level it went below but it delevered at last,Not
38645 not 38468
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