CAN MARKETS SURPRISE US??? BANK NIFTY

25 Eyl

Indian markets are at an all-time high. Both Nifty and Bank Nifty are trading near their resistance levels.
Technically, a correction is due. I'm not expecting any big upside move in Indian indices.

I won't be surprised if Bank nifty corrects by 3000 points in the coming days.

This would correspond to the length of wave 3 as well as 0.618 Fibonacci retracement.

Trade with appropriate stop-loss.

PS: MARKET is always RIGHT!

29 Eyl

İşlem aktif

54500 acting as a perfect resistance level. Having a bearish outlook now! The trade is active. Carrying shorts!

3 Eki

İşlem aktif

I gave this update when Bank nifty was rallying at 54000. The market not only turned down from 54500 levels but also fell exactly as predicted.
Wish TradingView had given this idea a wider reach.

4 Eki

İşlem kapandı: hedefe ulaştı

Bingo! The target of 54540 was reached.
Expecting a bounce bank in markets from this level.
I hope you guys enjoyed this analysis.