jashjacob

BANKNIFTY SUPPORT AT POST BUDGET GAPUP ZONE

Long
NSE:BANKNIFTY   NIFTY BANK
Quite similar to Nifty Index, Bank Nifty index has taken support at the same post budget gap up zone. Buyer strength shown in both index can be identified has good bounce back in the coming days for the Indian markets.
Comment: BNF has closed just above BUDGET GAP UP ZONE. It is still at an important level.
Comment: Banking Sector has been heavily beaten down. Looking for a recovery.

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