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Nifty

BankNifty 23333 achieved and now Marching towards 24444

Expect Nifty Index to move up based on the pe ratio. Still room left to reach all time high

Don't see any sign of Sell signals. The weekly candle formation is a Hammer and not an Inverted Hammer. This is not a Bearish sign as sellers where actually overcome by Buyers during that week. The previous week was indecisive and last week its a Hammer formation. Monthly timeframe is extremely bullish.Stay Long unless levels are are taken out (20905, 20575,20423). Keep adding at these levels. Do not expect big correction in BN. 22222 on cards

Update On 20June:

Target for me Now is 24444 for BN and 9900 for Nifty

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