BANK NIFTY violates Friday's low
touches wl2 and retraces.
divergence seen between price and oscillator but oscillator not in over bought condition.
it well below 20 dma.
towards the end buying action observed in bank nifty .
if it violates today's low selling can be initiated for the next support zone .
at present I am neutral on it.
out come of agr likely to influence it along with telecom stocks.
don't forget to like my post.
follow me to get stock ideas.
divergence seen between price and oscillator but oscillator not in over bought condition.
it well below 20 dma.
towards the end buying action observed in bank nifty .
if it violates today's low selling can be initiated for the next support zone .
at present I am neutral on it.
out come of agr likely to influence it along with telecom stocks.
don't forget to like my post.
follow me to get stock ideas.
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