NIFTY AND BANKNIFTY CHART

NIFTY CHART

 BANK NIFTY CHART

NIFTY AND BANK NIFTY IS NEAR OVER BOUGHT ZONE. ALSO LOT OF THE RESISTANCE IS THERE. SO NOT ADVISABLE FOR LONG. TILL NOW WE DIDN'T GET THE SIGNAL. MORE POSSIBLE SHORT SIDE NIFTY MAY GO TO 100-150 POINT DOWN SIDE AND BANK NIFTY 15500 IS POSSIBLE FOR NEAR TERM. BUT AFTER THAT BOTH WILL GO TO UPSIDE. SO WE ARE WAITING FOR THE CONFORMATION. MONDAY IS VERY IMPORTANT DAY. WE KNOW THE TREND. IF MONDAY NIFTY AND BANK NIFTY  NOT TOUCH THE YESTERDAY HIGH AND CLOSE THE NEGATIVE THAT WILL START THE DOWN TREND. GO SHORT WITH THE SL OF NIFTY 7930 AND BANK NIFTY SL OF 15870 LEVEL