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Nifty Bank Index
Short

#banknifty stayed inside the gap, and above 50/100/200EMAs

68
CPR is narrow at 106pts with resistance between 38007 - 38112, expect a trending market tomorrow. PCR is at 0.78. Net selling continues-- FII/DII net 711cr selling. Markets remain volatile with uncertain global politics translating its mistrust to the markets. Charts remain above the 50/100/200EMAs - can it sustain above EMAs or breach the 50EMA support tomorrow? Looks like downward pressure, sell at highs, and risk off approach could continue. What do you think?
PromodSshrivastava
BANKNIFTYChart PatternsTechnical IndicatorsTrend Analysis

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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.