Banknifty is going towards Resistance zone 27400-27500

As discussed in the previous blog,

We can see on  1 Hour chart banknifty is going towards support line of Home No 3.Support is in between 26748 to 26848

If support will hold then banknifty may lift towards 27543 in this week. Traders are advised do not short near the support line ( Blue colour in Home 3). If support will break then next downside level is 26450 by expiry day.

On 15 min chart prediction of support, Time is near about 13:15 onwards.

Vedic Date for banknifty is 27 Feb 2019. A big move may come on this Date.


Banknifty 1 Hour Chart as on 25 Feb 2019 EOD
Today BN spot closed at 27159.  It is moving towards a resistance line of Home 3 ( yellow colour). 

It seems banknifty will take resistance near a yellow line with respect to time. support and resistance of Home 3 is on 1000 points difference so it is possible big move may occur as discussed in this home 


Traders are advised do not long near resistance zone 27400-27500


It is possible till 26 Feb upwards journey will continue & 27 Feb is a reversal date, Cautious on this date.


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