Get started
Nifty Bank Index
Short

banknifty stuck in consolidation area, breakdown or breakout?

By PromodSshrivastava
Banknifty made a big green candle but effectively stayed within the consolidation area. Any breakdown from here could see downward trending market today. FIIs are sellng -3128cr sold yesterday and crude jumped to 105usd levels again after failing to stay below 100USD level. CPR is narrow so a trending expiry day is likely. What do you think?
BANKNIFTYChart PatternsTechnical IndicatorsTrend Analysis
PromodSshrivastava

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.