Already a Significant rally in Banknifty from 2 month, now their are Gujrat election ahead and USA CPI data, So here we may see a short retracement from its high to its fabonacci support 42240 and if it crosses then we can see a sharp rally till 44900 in December. The indicators show very bullish indication, RSI is above 50, market breath is above 75% it all depends upon the Gujrat election polls, if it came under BJP favour then Boom 44900 in December or may be even higher 46000.
Congratulations and well done for sharing your first idea with the community. Hope you will be having great experience. Thanks for your contribution. From mod @Bravetotrade
Hope you will be having great experience.
Thanks for your contribution.
From mod @Bravetotrade