Bank Nifty- next support at 36399
Bank Nifty has continued on a strong downward move and has breached the 100EMA today.
Next level to watch is 36399, unless there is a consolidation here, prices may continue moving down towards 36074.
Strong selling by FIIs (3500cr today, 4000cr prev trading session) will make it tough for an upmove to come anytime soon. Let us see how the prices move tomorrow....if there is a pullback somewhere...do you see a pullback soon?
Next level to watch is 36399, unless there is a consolidation here, prices may continue moving down towards 36074.
Strong selling by FIIs (3500cr today, 4000cr prev trading session) will make it tough for an upmove to come anytime soon. Let us see how the prices move tomorrow....if there is a pullback somewhere...do you see a pullback soon?
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