#banknifty view for 1st Oct'21.
The panic might be temporary, we can safely consider this as pull back.
Short Term Trend Reverses Below:- 37,000
Medium Term Trend Changes Below:- 36,500
Long Term Trend Changes Below:- 34,900
Traders might feel the heat, but you are invested, stay longer or if you get a bit correction, get some good quality banking stocks.
15 min closing above 37,680 changes the whole scenario and we are back on track.
Regards,
SG
The panic might be temporary, we can safely consider this as pull back.
Short Term Trend Reverses Below:- 37,000
Medium Term Trend Changes Below:- 36,500
Long Term Trend Changes Below:- 34,900
Traders might feel the heat, but you are invested, stay longer or if you get a bit correction, get some good quality banking stocks.
15 min closing above 37,680 changes the whole scenario and we are back on track.
Regards,
SG
