Nifty Bank IndexLong
Bank Nifty- next targets 38458/38743/38832
Bank Nifty made a red inside candle today however there are some positives here. First, it closed above yesterdays close. Also it closed well above the critical support level of 37457. The PCR is 0.65 and contra indicates a move upwards.
PCR is just 28pts wide so a trending market is expected. Vix has predictably shot up 6.08% to 21.95.
FII/DII had a net buy of 24cr after around 11 trading sessions they made a net buy. Net buy can be supportive of an up move if it happens tomorrow.
Bank Nifty remains bullish on charts and next resistance levels are 38458/38743/38832.
What do you think?
PCR is just 28pts wide so a trending market is expected. Vix has predictably shot up 6.08% to 21.95.
FII/DII had a net buy of 24cr after around 11 trading sessions they made a net buy. Net buy can be supportive of an up move if it happens tomorrow.
Bank Nifty remains bullish on charts and next resistance levels are 38458/38743/38832.
What do you think?
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