Nifty Bank Index
Long

BANK NIFTY: At median levels

BNIFTY : As per 30 min chart exactly lies between its immediate resistance and support zone-which is a no trade zone for me. Would be a buyer above 52700 as the index will make an attempt the BULLISH Gap stretching upto 53000,would be a seller if it breaches 52400 for a tgt of 52000 as it will make an attempt to fill the bearish gap extending upto 52000for educational purpose only) slight bias towards buy trade as PCR Ratioo of around 0.8 indicates chances for a pullback however fingers crossed and we need to wait for the levels (for educational purpose only)

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.