AN UPDATE FOR BANKNIFTY OCTOBER SERIES 2016.

BANKNIFTY HAS FORMED HEAD AND SHOULDER PATTERN ON DAILY CHARTS BUT IN A RISING TREND.NECK LINE BREAKDOWN SEEN AT 19800 LEVEL.  LOWER PEAKS AND LOWER TROUGHS ALSO CONFIRMING THE REVERSAL…  SO SELL BANKNIFTY BETWEEN 19700 -19800 WITH CLOSING STOP LOSS AT ABOVE 20000 FOR THE WEEKLY TARGETS OF 19350…

ABOVE MENTIONED LEVEL S ARE SPOT LEVELS PLEASE CORRELATE THE SAME WITH FUTURES LEVEL AND TRADE ACCORDINGLY..

One thought on “AN UPDATE FOR BANKNIFTY OCTOBER SERIES 2016.

  • September 29, 2016 at 3:50 pm
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    nasir sir u are awesome .. what a analysis and what a perfect timing….

    Reply

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