Banknifty not only broken the falling wedge decisively on upside but also came back into rising channel and It is the positive sign.
STOCHASTIC is in oversold condition and MACD still not given positive cross over .Coming week will be highly volatile being expiry week and after that RBI policy review on 3rd May. Hence, need to be cautious at higher level.
As per our AGNI and JBNSAR levels in coming week banknifty will be strong above 11500-11540 and decisively crossing the resistance of 12400 will move towards 12900. Whereas below 11500 it will be weak and will slip to 11200.
Comments
Post a Comment