#banknifty analysis for the week of Holi:-
BN has given a trendline breakout of upside, as long as 40,348 holds, there are no shorting opportunities.
Wave 3 is in progress, monday will see a gap-up opening and the index will face resistance in the zone of 41,729 to 41,979 area.
If wave 4 triggers, we might see a correction close to 41,000 area, followed by the next upmove till (min) 42,344.
Always trade what you see, not what you feel.
We wish you a very Happy Holi. May the spirit of Holi bring you happiness. The warmth of Holi brings you joy, and the joy of Holi brings you hope.
Regards,
SG
Wave 3 is in progress, monday will see a gap-up opening and the index will face resistance in the zone of 41,729 to 41,979 area.
If wave 4 triggers, we might see a correction close to 41,000 area, followed by the next upmove till (min) 42,344.
Always trade what you see, not what you feel.
We wish you a very Happy Holi. May the spirit of Holi bring you happiness. The warmth of Holi brings you joy, and the joy of Holi brings you hope.
Regards,
SG
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