It strides ahead towards the targets
Updated
With rbi pausing the rate hike.
and with india's inflation dropping with in rbi comfort zone first time after many months.
and still some shorts remaining in the system(future&option)
it appears still some rally pending for bank nifty.
In asia pacific regions several central banks like australia,india etc have paused interest hike.
Techincally bank nifty can take out the immediate pivots 41671,and 41979.
Down side 41461 should act as strong support.
It is NR4 day for bank nifty,
Several pvt sector banks had narrow range day today.indus india,axis,icici,rbl.
so expansions of these banks are likely.
My view for bank nifty is positive.
I had predicted in my post updated on march 13 about the trend reversal of bank nifty when it was 39894.
on my post of april 1 st I had mentioned this rally is going to be pwerful when bank nifty was 40608.
please go through my posts of bank nifty and find the merit in it.
please go through the attached charts.
do connect with me by liking this post and by following me.
and with india's inflation dropping with in rbi comfort zone first time after many months.
and still some shorts remaining in the system(future&option)
it appears still some rally pending for bank nifty.
In asia pacific regions several central banks like australia,india etc have paused interest hike.
Techincally bank nifty can take out the immediate pivots 41671,and 41979.
Down side 41461 should act as strong support.
It is NR4 day for bank nifty,
Several pvt sector banks had narrow range day today.indus india,axis,icici,rbl.
so expansions of these banks are likely.
My view for bank nifty is positive.
I had predicted in my post updated on march 13 about the trend reversal of bank nifty when it was 39894.
on my post of april 1 st I had mentioned this rally is going to be pwerful when bank nifty was 40608.
please go through my posts of bank nifty and find the merit in it.
please go through the attached charts.
do connect with me by liking this post and by following me.
Note
This posts not only based on technicals.but has analyzed several present financial factors which are favouring India.
Note
hence don't forget to like this.Note
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how is my call?Note
how do you like to rate my study?out of 10.please go through my earlier studies of bank nifty..
right always hits the target.
Note
Note
next target achieved.No admirer here for good posts.many of my posts go unnoticed
Note
indeed ahead of these 2 targets I had 42100 but that will be achieved today I didn't know,Note
Note
this is where I found out triangle formation and its break out.
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