BANKNIFTY INDEX FUTURES

bank nifty Futures

Giving below the THEORY that says, the difference between TUESDAYS high minus Low, should be the target to the downside, breaking below Tuesdays Low. For EXAMPLE- High is 39800. Low is 39000. Hence 39800 minus 39000 = 800 points. So the Downside Target Must be 39000 minus 800 = 37200. Always Remember the story does not END here. The market MAY decide that it wants to go lower than 100% retrace, hence we call these EXTENSIONS . So the market may extend to the downside by 100, 112.6, 123.6, 150,178.6, 200, 212.6 % etc etc etc . Learning these Basic rules will help you all go a Long way in making your Trades. Random Buying / Selling without any understanding is Not the way

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