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NIFTY As Well As BANKNIFTY Views For 4th October 2018

NIFTY:
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It closed on 10858.25. It breaks the accumulation zone i.e. around 10920 level and close below. Major chance is there, it will go down.
As per my analysis, it will touch 10700 level tomorrow. So plan your trade accordingly.

NIFTY Futures:
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Nifty Futures closed at 10880. Like NIFTY, it came to an accumulation zone and break the level and close below. If it will trade below 10900 level, then it will touch 10700 level tomorrow.
It’s my opinion as per my technical analysis.

NIFTYBANK:
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NIFTYBANK came to an accumulation zone i.e. around 25000 level. It is trading above 25000 level since 5 trading days.
If it will go up, then within this month, it will reach 27000 level.
But if it will go below 25000, then it will go down up-to 24000 level. So, plan your trade accordingly, use proper stop loss. Understand your risk, before taking any trade.

BANKNIFTY Futures:
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It’s the futures contracts of NIFTYBANK. It closed on 25145, Major chance is there, it will go down from this level. If it will break 24900 level and went down, then it will go up-to 24000 within 2 weeks. It is forming a flag pattern, which is a continuation pattern, means it will go down from this level as per technical analysis.

NOTE*: Trade as per your risk taking capacity. Contact your financial adviser, before taking any trade.

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