BNF trading now at 25660, has passed psychological level of 25390
Now what, may test 25920 to 26000 today
Or may be close around 25400 to 25500
Disclaimer only for today!
Probability of former is more than later, provided no uncertain events
Now, let’s see for entire month to first half of December(15)
With festival euphoria, street may touch higher levels today best case or on Tuesday ,again i may be wrong!
26000 to 26350 to 26660 to 26880 is the next frontier for bulls for next 35 days
Close above 26880 for the monthly expiry by November and 1st half of December, shows bulls in control and how other variables at the point will give a clue for further movements
Close below 26350 is what bears would like to see by November to early part of December
Above 26880, Bears will feel frightened, above 27440 for 2 weeks by December expiry, Bears would have lost this year battle!
Contest is very much interesting now, bulls above 24680 is moving towards his destined journey, if it can take off 26000
They are in control for further movement upto 26880 to 27440 with lots of ups and downs they may reach
If they touch with out fight, then there is a story to be understood
For me, the best 2 trades are available in next few weeks,or months, need to keep patience and cash to counter the moves
25390 below bulls would become nervous and how they react would give a clue
And 26880 above bears would become nervous and how they would react will give further clues
25390 to 26880 is too and fro
Each day one would win over the other
And some days nobody
Most of the days nobody knows who is winning or losing
Larger picture mindset would give some clue
If 25390 not taken off for further 35 days, next year is a biggest opportunity for a sometime would occur
If 28600 not taken off by March or April next year, next year is a biggest opportunity for sometime