The hourly chart of the bank nifty futures this morning shows that mostly we will head to 24580 completing a triangle before we see lower prices.
Euro is bouncing back in minor wave b and wave c down should be next. Prices should go back to 1.166 or lower.
Adam Smith Associates offers trade & commodity finance related services & solutions to its domestic and international clients. Views expressed in this article are purely of the author – Mr Rohit Srivastava – a leading technical analyst. Visit www.adamsmith.tv for services offered by Adam Smith Associates Pvt Ltd