(L-S....Long First & Short Later).....Bank Nifty could be a good example for polarity reversal. Bank Nifty could bounce from 18500-18525 zone if holds in that area for some time on 4th Aug 2016 session... two yellow arrows shown on left hand side could form hurdle in Bank Nifty's bounce --if it starts bouncing... Polarity Reversal---Support turns into resistance & vice-versa.... 1st Hurdle for Bank Nifty could be 18715--18730 zone...
Look for these boxes as resistance zone for Bank Nifty in coming session of 4th Aug 2016..before they start falling again...
Current Price-18585
Regards, Abhishek H.Singh, CMT
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09:30 Hrs--IST--5th Aug 2016---Good Morning.... Boom.....Magic of GST or Magic of Impulsive Wave...Box 2 Hitting..Regards, Abhishek
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Closed as BN kissing the 2nd Box ....18825--18875...Regards, Abhishek
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WaveTalks
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11:30 Hrs--IST--4th Aug 2016--Bank Nifty Bounced ....Currently Trading at 18560...Looking for Bn to hit the 1st Box--18715--18730...Regards