Bank Nifty ATH: Soon to be witnessed

Nifty made an All Time High (ATH) of 11810 on April 16, 2018, however Bank Nifty is catching up, it first has to touch its previous high of 30646 levels and then surpass that level to make a ATH.

According to me the ATH in Bank Nifty would soon be conquered at 31070-31100 levels. Its a matter of when and not how.

Well the set up seems to be quite robust, given the uptrend in various individual Banks, I have posted the charts for each individual Bank as well.

Well HDFC Bank is also in a clear uptrend, though a clear pattern couldn't be spotted (on hourly basis), hence I did not put that chart here.

P.S. These are my views, doesn't mean anyone should take random trades basis this. Please do your own analysis or consult a reliable adviser.


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