NIFTYBANK - BULL BANK STRIKE.

Mar 23, 2022

Nifty bulls make solid attempt from the range lows and the close is very encouraging. While the bearish engulfing looks eroded with equally bullish piercing pattern, long lower shadows coming on the heels of steep inclined trend line. With 200 DMA in focus the gap up (very vital if this average is broken with gap up or down), signalling moves towards 37300. For now the supports at 35800 remains important on close basis while this holds moves towards 37000 plus is seen. For the day 36400-37300 should work with 200 pip stops bias though favours bulls.