ipuneet

BankNifty - Took support from Trendline, but weak overall.

NSE:BANKNIFTY   NIFTY BANK
The small gains has made no change to the stance of BankNifty .

It continues to trade above an important trend line and in SELL mode as per reliable medium term trend indicator, 9&34 EMAs on Index n RSI .

Not comfortable with taking storts at this level, despite confirmed week signals. Let the Budget pass . . .

closing bove

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