BANK NIfty.. pullback to continue?
BANK nifty had a big move today on short covering.
FIIs sold in the market where as DIIs bought.
Kinda dubious data.
Bank nifty next resistance is marked by two red lines, which also is the region of the 200 dma.
that can be a tough resistance to cross at one go after a strong pullback from friday intraday.
look to short around the 200 dma resistance zone
FIIs sold in the market where as DIIs bought.
Kinda dubious data.
Bank nifty next resistance is marked by two red lines, which also is the region of the 200 dma.
that can be a tough resistance to cross at one go after a strong pullback from friday intraday.
look to short around the 200 dma resistance zone
Note
resisted at 20 dmaTrade closed manually
further fall can be expected from here
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