BANK NIFTY - SPOT
BANKNIFTY (18510) -
Post No.1) 11th March 2014 , when it was trading at 12100, posted as "Above 13300-13500, ready for mega up move ,
Post No.2) 13th May 2014, when it was trading at 14000, posted as "Now Support 13500-13300 & 12800-12500
In this month of December, on 05th, it made high 18875 and yesterday it closed at 18510.
so mentioned target attacked completely
that is from 13300 to 18875, more than 5500 points that to with in 7 months period.
So now it warranted correction.
Correction target 18200-18000
and below that 16500-16300