Banknifty Rannge 43150-43600 Bull/Bear

Banknifty Rannge 43150-43600 Bull/Bear
banknifty expect a bulish start from 43500 phycological level

Key Points of Bulish Sign
1 Rising Wedge Pattern
2 USD-INR in down trend
3 50% FIb Retracement exactly from 43200
4 FII Index Fut sales- (-526.09 ) FII Index Opt Net Purchase - 8,088.83
FIi Activity data looks they like to interest in current situation to not hold the investment so current market definately high
5 Already meet the previous lower level 43100
6 withdrawl from cash market negetive impact on stock and positive impact on index
7 most Oi stand in the Call side at 43500 & 43600 so its provide a sharp Resistance so market will start from here probability to hit thier SL and then down as per rule of Rising Wedge Pattern

Other point to be keep in mind
1 How Global market Opening
2 How SGX NIfty Opening
all points is positive sign but still there is a chance to get down for taking the favorable support.

Hope your Best Trade
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