Get started
VigneshkumarR

Banknifty is bullish even after recently overbought

Nifty Bank Index (NSE:BANKNIFTY)  
VigneshkumarR  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Technical Indicators BANKNIFTY bankniftytrend bankniftytradesetup bankniftyanalysis bankniftysignals
4
0
trendanalysis chartpattern indicator banknifty bankniftytrend bankniftytradesetup bankniftyanalysis bankniftysignals
Banknifty has given a deeper pullback in RSI. Yesterday nifty performed but banknifty did not. If Nifty performs a little better today bank nifty will rally. The OI data on banknifty is not very strong, PCR is negative in bank nifty. Daily candle lower wic can be support for todays upmove in banknifty.
To know the price actions story watch the yesterdays analysis. link attached below.

Related Ideas

VigneshkumarR
Will Banknifty continue to fall even today? Know the answer
VigneshkumarR
Banknifty support and resistance for tomorrow
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.