{LONGTERMINVESTORS} Weekly View: Bank Nifty forms Bullish Engulfing ahead of Fed Policy

Last Week we gave Chopad Level 18260 Bank Nifty gave Long entry on Monday and did 2 target on Upside by Wednesday before RBI policy and gave long entry on Wednesday and Shorts triggered on Wednesday after RBI Policy got stopped out on Thursday gap up  thus rewarding discipline chopad followers handsomely on long side. Lets analyze how to trade bank nifty in coming week as Fed policy will be held on 14 Dec

Bank Nifty Hourly

As discussed in last analysis  for coming week 500 points move coming on break of 18750 o upside and on downside break of 18146.

Bank Nifty broke 18146 after RBI Policy

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Rgds,

Bramesh

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