#NIFTYBANK on 30 Mins Timeframe - Analysis using "Logical Trading System"

Trend is still Uptrend till price accepted below 38620.

Yesterday's fall and today's movement could be a trap for weak sellers.

I haven't take any trades today since there is no good setup formed.

My expectations:

- There is more possibility of BankNifty with continue to rally in coming sessions.

(Do note, this is NOT my prediction, This is my analysis based on Logical Trading System)

Why I'm saying Banknifty with continue to go UP?

For the last 2 days sellers tried to push the price down in the uptrend.

- Sellers were weak
- They are trying to push the price down where buyers are still strong.

How it will go up?

- Once the strong buyers pushes the price above 39250 will create more buy orders from the sellers.

- And there is only two trouble zone at 39500 & 39750 (with 250 pts interval)

- Once weak sellers started exiting from their position I'm expecting at least 1000 pts movement to happen, Which will easily takes out 40000 in coming days.

Consideration:
- Buyers needs to push the price 39250 with good momentum.
All About Indices - chart - 11941188