As lot of news started roaming around the Channels about Monetary Policy, followed by RBI's GDP forecast from 6.5% to 5.7%, many started taking about a big gap down opening tomorrow. So it becomes necessary for me to find out whats happening in Bank Nifty too.
>Click the Chart to see in full screen<
Above Bank Nifty Chart - it seems like its still on B Wave, as I feel its like a Raising Wedge in a a-b-c-d-e. I feel like one more raise is pending till 11740 that it may make a double top or even go above it before a good fall.
I may be wrong, if Bank Nifty opens in a gap down. But if breaks below 11420 then only a Fall is confirmed. Else any time Bank Nifty may shoot up.
Lets see. Cheers!!!
No comments:
Post a Comment