Bank Nifty - 36399 is next support
Bank Nifty took support exactly around the camarilla pivot S3 level as we had indicated. Now, the downward trend on the back of incessant FII offloading could take Bank Nifty to 36399 -which is the camarilla pivot S4 support- within next week. We could see some pullback in the next trading session(s) - the bearish trend is staring at the face now. With FIIs selling continuously, time to become very selective and look for clear signals supporting our view before entering a trade. Choppy markets - time to be careful. What do you see?
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