Trader123sd

Bank Nifty - Long

Long
NSE:BANKNIFTY   NIFTY BANK
Nifty bank looked weaker in today session it closed between 20 EMA ( Lower Side) and 200 DMA ( Upper Side)

Stocks like SBIN ( Bearish ) , YES Bank ( Mildly Bearish ) would continue to show some weakness.

Indus Ind bank ( At support ) , Axis Bank ( At Support ) , ICICI Bank ( Bounced from 100 DMA),
HDFC Bank ( Trading in a Range) should keep the bank nifty high.

Over all Bank nifty looks positive for next session.


Bank nifty can be bought at current levels 28725 with stop loss of 28621 ( 100 Point Stop Loss)