BANKNIFTY - Ecstacy bulls

Aug 2, 2022

Bank nifty bulls remain on the high. After dabbling little double ended the day green. The moves are the extreme to say the least. This is reflected on the leaders of the pack. This space is critical of extreme levels reverting in fashion and that level is now. So 38000 is not an easy point to climb and thus a corrective move is what is expected. Each corrective up or rise typically tracks a 1000 point step. However, the current corrective fall is anything but corrective at this stage. Remain short below 38000 for low 37000