#BankNifty is very close to the target. there is very little difference between 38260 (today's high) & the expected target of 38500.
I think We should be neutral now. HDFC Bank, ICICI Bank & SBI may become #BewafaSanam.
The structure of HDFC, ICICI & State Banks are not looking good after 12.50% gain from the Bottom in the BankNifty.
In Bullish condition, If only retracement then 35500 possible.
In Bearish condition, 32000 possible.
Stay Neutral or If hold long but keep position in small size with a tight stop loss.
I think We should be neutral now. HDFC Bank, ICICI Bank & SBI may become #BewafaSanam.
The structure of HDFC, ICICI & State Banks are not looking good after 12.50% gain from the Bottom in the BankNifty.
In Bullish condition, If only retracement then 35500 possible.
In Bearish condition, 32000 possible.
Stay Neutral or If hold long but keep position in small size with a tight stop loss.