Nifty Bank IndexLong
Bank Nifty- Bullish pin, trending above 50/100/200EMAs
Bank Nifty closed strongly on a volatile day, breaching resistance of 38458 and closing above it with a green bullish candle.
FII/DII were net buyers with 1576cr which helped the market rebound from intraday low.
PCR at 0.7 indicates further upmove.
CPR will act as a major support if there is a gap up opening tomorrow. Next resistance levels are 38743/38832/39000/39741.
On the downside, 38458/38000 are major supports.
CPR is wide tomorrow, so we could see a sideways consolidation. What do you think?
FII/DII were net buyers with 1576cr which helped the market rebound from intraday low.
PCR at 0.7 indicates further upmove.
CPR will act as a major support if there is a gap up opening tomorrow. Next resistance levels are 38743/38832/39000/39741.
On the downside, 38458/38000 are major supports.
CPR is wide tomorrow, so we could see a sideways consolidation. What do you think?
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