Bank nifty may take some profit booking.
As bank nifty shows some sign of divergence due to profit booking. fresh longs are advised only after the clear break out.
Note
As mentioned the profit booking caused the one percent dip. trade with caution because profit booking may turn into a downtrend. due to shorts.
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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.
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.