Patterns observed in Nifty, Bnifty

NIFTY & BNIFTY


Both indices are operating within a parallel channel

Nifty : Strong support @ 21800 levels on breaking we can witness 21500 levels too which is also derived by deducting the height of the channel.

Bank Nifty: Strong support @ 46500 levels on breaking we can witness 44800 levels again derived in the same manner as above.

Have observed many stocks at support or following a parallel channel.

Urge everyone to mark the levels on their holdings , follow either exits or buy on dips as per the risk appetite.