Bank Nifty- On the way up to fill the gap ... but a hurdle
Bank nifty made the right moves today towards filling the gap left behind on 26Nov.
Hurdle - is to cross the crucial resistance level of 36591. Today Bank Nifty has closed below this resistance level. If there is a gap up opening tomorrow, then it will be on its way up.
Put call ratio at 0.91 is supportive of a continued positive sentiment.
Omicron news has not dampened the sgp nifty futures (ref nifty analysis below)
All set then for a strong up move as Bank Nifty marches on after taking 200EMA support. Next big resistance will be 100EMA? What do you see?
Hurdle - is to cross the crucial resistance level of 36591. Today Bank Nifty has closed below this resistance level. If there is a gap up opening tomorrow, then it will be on its way up.
Put call ratio at 0.91 is supportive of a continued positive sentiment.
Omicron news has not dampened the sgp nifty futures (ref nifty analysis below)
All set then for a strong up move as Bank Nifty marches on after taking 200EMA support. Next big resistance will be 100EMA? What do you see?
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