bijoy2526

BANK NIFTY looking weak

NSE:BANKNIFTY   NIFTY BANK
It lacks the steepness of third wave. Look at the curve.
if it breaks the center line of the channel it may touch target 1 and target 2.(ensure center line of channel is broken)
Most of the banks declined today.
Let us if there anything comes as huge positive to boost bank nifty .
SBI seems to be correcting. It has enough space to fall to 409-405 zone.
private sector banks are too correcting.
let us see if today's low is broken or not tomorrow.
after many days I am posting about bank nifty .
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Comment: In some cases center line reversal takes place ensure that center line is broken on closing basis.

Comments

Thanks sir for your view.
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Shall I take SBI put spread then sir?
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