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pramodshrivastava

Bank Nifty - Will it retest & breach 38458?

Nifty Bank Index (NSE:BANKNIFTY)  
pramodshrivastava  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Technical Indicators BANKNIFTY
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trendanalysis chartpattern indicator banknifty
Bank Nifty made a bearish indecisive Doji today...failing to breach 38458 resistance. It is third consecutive close below PDL. FII and DII both were net sellers today for 971cr which pushed Bank nifty lower. If the resistance 38458 is not tested & breached then we will see some more downside move to 37457. However if bank nifty is able to sustain a breach, then 38743, 38832 are the next resistance levels. PCR is 0.66 so contra indication is an upside move soon. CPR is narrow, so we could have a trending day tomorrow. Do you think will it breach 38458 tomorrow?
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