Alright folks .... These days indices are rather testing our patience. For today, it seems BankNifty spot level of 27190 (which was almost yesterday's low) would now act as crucial make or break level on downside. Bulls will try to defend it and bears will try to break it.
Moreover, previous danger point of 27300 spot level (which acted as ultimate support for bulls for about a week) will now act as resistance. Bulls need to surpass 27300 with full force and strength. Not only that, they will have to stay above it for longer period in order to expect 27400, 27500 and so on .....
Bears need to trade below 27190 in order to expect 27050. Moreover, they will have to deal with another minor support level i.e. 27000 level (+ - 50 points). Choose wisely guys .... Good luck ... Hope you make good money.
Disclaimer: This forum is meant for educational purpose ONLY.
Moreover, previous danger point of 27300 spot level (which acted as ultimate support for bulls for about a week) will now act as resistance. Bulls need to surpass 27300 with full force and strength. Not only that, they will have to stay above it for longer period in order to expect 27400, 27500 and so on .....
Bears need to trade below 27190 in order to expect 27050. Moreover, they will have to deal with another minor support level i.e. 27000 level (+ - 50 points). Choose wisely guys .... Good luck ... Hope you make good money.
Disclaimer: This forum is meant for educational purpose ONLY.