Reversal in bank nifty.
Updated
Hugely underperforming compared to nifty.
with hdfc bank reversal taking place as it seems to be.
under performance of bank nifty may end.
it need to be close above 20 dma now which is at 43965.
stochiastic is no more in over bought zone.
But I was expecting a little more dip in stochiastic to offer perfect buy.
Icici bank,hdfc bank seems to be bottomed out.
let us hope underperformance of bank nifty ends.
with hdfc bank reversal taking place as it seems to be.
under performance of bank nifty may end.
it need to be close above 20 dma now which is at 43965.
stochiastic is no more in over bought zone.
But I was expecting a little more dip in stochiastic to offer perfect buy.
Icici bank,hdfc bank seems to be bottomed out.
let us hope underperformance of bank nifty ends.
Note
reversal not yet proved.it need to close above 20 dma.
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