Nifty Bank reached the target of 20150 with almost no breaks. However, it failed to sustain above 20150 suggesting a supply zone at the resistance level. The negative crossover of Stochastics further confirms a possible minor correction in the coming days up to 19000.
Trade closed: stop reached:
'Lol' moment for Bulls as FIIs buy huge in cash. Banknifty trading levels have been revised altogether. Lookout for my expiry post