Indices

Tuesday, January 21, 2014

  


INDICES: BANKEX

BULLS MAY RETURN IN CNX BANKEX- 21.01.2014 (THOUGHT FROM WAVECOUNT PERSPECTIVES)-CMP-11200

Click

Click


CNX BANKEX daily KST came in to BUY, if wave-e of C is still pending then, the best count suits i.e.: expanding Triangle as per chart attached..

Recent rise from bottom of falling wedge looks like impulse as per chart attached , if we get follow up of it in coming 2-3 trading sessions or if we sustain above 11300 levels then likely chance of wave-e UP over their as per chart attached.

Therefore, one should closely watch out CNX BANKEX behavior at current levels of market. Banking sector may start to participate in this final upward rally from current levels of market

Sustain above 11300 in CNX BANKEX will finally confirm this alternate & we will see tgt1-11700 & tgt2-12300 on upside in short to medium term.
10800 is crucial support level in short term to watch out for.
Previous Page