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Kaustubh
Aug 10, 2017 8:03 AM

BANKNIFTY long Long

NSE:BANKNIFTY60
Nifty Bank IndexNSE

Description

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This is strictly short term.
The price action is oversold as seen in hourly RSI and the price is touching 200 MA at the moment.
It's reasonable to expect a bounce back to 24500 levels in next session or two. But once again, this is very short term.
Trend AnalysisChart PatternsBANKNIFTYLONGoversoldindianstocks
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