Friday, 28 September 2018

BANKNIFTY WEEKLY OUTLOOK ( 1st october 2018 to 5TH october 2018)






Closed  @ 25119

EMA 10 @ 25728
EMA 20 @ 26338
EMA 50 @ 26847


Resistances: 25623,26200,26800
WEEKLY PIVOT: 25150
Supports: 25200,24600

Banknifty last analysis worked well and when it broken small price channel on daily chart which was updated on my blog with confirmation of Bearish sea pony harmonic pattern on 31-08-2018 .Banknifty has fallen more sharply that nifty and it corrected around 13 percent from top earlier history shows banknifty had
 last 2 times correction of around 14 percent so hopefully it should be strong support point for banknifty and this falls continue 

then it can cracked more then 15 percent from here now. so 23600-25200-25500 is range for banknifty .tarde according to support and resistance.

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