Today market hammered very bad and Power Bull expecting good swing tomorrow due to global sentiments. Gateway Distripark looks attractive at current market price for cash market.
Bank NIFTY makes descending symmetric triangle from Feb 2. The resistance has been cutting down from 20,000 points to 19,700 and then 18700. At this moment the resistance stands at 18700. But if you noticed closely the support has been constant irrespective of different resistance dynamics. The APEX part is coming closer to the support (NOSE). Tomorrow it is going to be a checkpoint of reversal or not. As per Power Bull we are anticipating tomorrow BANK should make the reversal towards 18700 from 18112 (Refer screen).
We are recommending to take BANK NIFTY 18500 call (CE) at 156 with the target of 180+. Keep stop loss at 105.
PVR - is a nice bet for intraday. Let us hope the best and see what Mr. Market going to say tomorrow.
Best Wishes,
Power Bull
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