probable path of NIFTY for next week
1.a small bullish WW may be developing in nifty charts and nifty may dip below 7390 once near tuesday to form pt5 and then may move up towards hh abv 7700(7860+)
Strategy:for monday :
sell any upmove in 7515-25 range with sl abv 7549..trgts 7390-70 range till tuesday(reverse trade abv 7555 for 7580-7600)
.
2.if a channel pattern is developing in nifty charts then may once move up 7580 to test upper T/L and then may dip to test lower T/L near 7390 then may breakout abv 7580 f
sell any upmove in 7515-25 range with sl abv 7549..trgts 7390-70 range till tuesday(reverse trade abv 7555 for 7580-7600)
.
2.if a channel pattern is developing in nifty charts then may once move up 7580 to test upper T/L and then may dip to test lower T/L near 7390 then may breakout abv 7580 f
or 7700+(TRGT 7860)
views for BANK NIFTY
BN may dip towards 14800-14600 levels in next 2/3 days
from there may move up towards 16200 in july series
strategy
accuumulate longs at 14800 and 14600 with sl below 14340
trgts 16150-16250 in july series
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