BANK NIFTY It was NR7 day.
Updated
We can expect appreciable movement tomorrow.
Of course there is news about the banks
ABG shipyard scam.
Of course this news has not surfaced recently.
It was under investigation not a new scam.
I think market should not react to this news.
Global market weakness is there.
Indian market may react to that.
As long as this higher low is maintained Bank nifty is in uptrend .
I have shown buying zone in the chart. with stop loss below recent higher low.
Recent global disturbances causing problem in Indian market.
If recent higher low is broken we can get complex correction.
This post is my study not any buying or selling recommendation.
Don't forget to like y post. follow me to get updates
Of course there is news about the banks
ABG shipyard scam.
Of course this news has not surfaced recently.
It was under investigation not a new scam.
I think market should not react to this news.
Global market weakness is there.
Indian market may react to that.
As long as this higher low is maintained Bank nifty is in uptrend .
I have shown buying zone in the chart. with stop loss below recent higher low.
Recent global disturbances causing problem in Indian market.
If recent higher low is broken we can get complex correction.
This post is my study not any buying or selling recommendation.
Don't forget to like y post. follow me to get updates
Note
please watch 2 candles of 1 hour and see buying zone holds or not.Global clues are highly negative.
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