BANK NIFTY NR7 day waiting for a move.
bank nifty was hovering around in a tight range.
but it closes below 5 dma.
its upside break out may be anticipated with upside break out of sbi again.
axis bank.icici bank.kotak bank idfcfirst,federal bank ended with green candle
where as pnb.bob,hdfc bank with red candles.
axis bank.icici bank and sbi were trading with in tight range.
35500 appears to be strong support.
if it breaks this level much down side expected.
for any long position 35500 stould be the stop loss.
but it closes below 5 dma.
its upside break out may be anticipated with upside break out of sbi again.
axis bank.icici bank.kotak bank idfcfirst,federal bank ended with green candle
where as pnb.bob,hdfc bank with red candles.
axis bank.icici bank and sbi were trading with in tight range.
35500 appears to be strong support.
if it breaks this level much down side expected.
for any long position 35500 stould be the stop loss.
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