Update on Nifty and Banknifty

Nifty and Banknifty now approaching oversold levels!   Shorts shouldn't be carried EOD!  Rather one can attempt some conservative longs at these levels!

Update on Nifty and Banknifty

Both Nifty and Banknifty Currently in bearish setup. 

A negative wolf wave in Banknifty targeting 27400-500 and Nifty has perhaps completed the a-leg up of the second corrective and is targeting 9320 around for b-leg.


If Nifty Spot Holds above 9411 then the bearishness might go and for Banknifty Spot Today , Monday and this month 22704 is crucial.

Nifty and Banknifty Future Key Level(s) for 12th May, 2017

TRADE the Levels, Charts Can Adjust!
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Nifty Future (Bias - Positive) 

Trade This  [ 9395-9422 - (Must touch) - 9458-9485 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 9438.  

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Banknifty Future (Bias - Positive) 

Trade This  [ - 22745-22768 - (Must touch) -  22917-22939 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 22865. 

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