Nifty Bank IndexLong
Levels for Bank Nifty
Hi there,
after a sharp correction in the banking index, it has taken support at 42000 on last Friday. we saw a positive bounce at the end of the day, and it closed near VWAP. considering positive global cues there is a high possibility of gap up on Monday and if we managed to surpass the levels then we may see a good upside momentum. a good short covering is possible in index along with banking stocks.
keep these levels in watch.
after a sharp correction in the banking index, it has taken support at 42000 on last Friday. we saw a positive bounce at the end of the day, and it closed near VWAP. considering positive global cues there is a high possibility of gap up on Monday and if we managed to surpass the levels then we may see a good upside momentum. a good short covering is possible in index along with banking stocks.
keep these levels in watch.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.