bijoy2526

BANK NIFTY takes support on the uml of the pitchfork

NSE:BANKNIFTY   Nifty Bank Index
But it is yet to cleat the upper line of the channel.
we have only 3 trading days next week
hence we may not expect any firework from bank nifty
next week.
Last week the weekly range of bank nifty was very narrow it was 1419.
But as we have only three trading days next week can we have a range expansion next week?
Really difficult to answer.
Up trend in bank nifty continues.
Hdfc bank decline may be arrested, fresh break out we can see in kotak bank which has been underperforming.
Icici bank is already in uptrend. Public sector banks are expected to perform better..
Let us hope for the best.
Don't forget to like this post.
follow me to get updates.

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.