Bank NIFTY is trading in the high low range formed on election results day. So it is trading within a range formed by bounding levels at 14500 and 16000.
Size of range is 1500 points so whenever there is a breakout, expect a move of 1500 points.
My bias is bullish so I am expecting an upward breakout.
Already posted on 17th MAY that my long term target for BNIFTY is 20000.
Size of range is 1500 points so whenever there is a breakout, expect a move of 1500 points.
My bias is bullish so I am expecting an upward breakout.
Already posted on 17th MAY that my long term target for BNIFTY is 20000.
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