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Arun_000

BANKNIFTY - PRICE MOVEMENT

Nifty Bank Index (NSE:BANKNIFTY)  
Arun_000  
NSE:BANKNIFTY   Nifty Bank Index
Elliott Wave Support and Resistance Trend Lines elliottwaveprojection intraday BANKNIFTY NIFTY short retracement daytrading
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elliottwaves supportandresistance trendline elliottwaveprojection intraday banknifty nifty short retracement daytrading
1.Currently trading slightly above support 28329 & 200 Period EMA in day chart
2.Though overall sentiment is bearish, elliots wave and late recovery towards market close suggests the possibility of pullback
3.On bullish side,Price might go up-to 28581 or 28770
4.On bearish side, if it breaks and crosses below support 28329 & 200 period EMA,then it can go up-to 27730
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