bijoy2526

BANK NIFTY negative closing.

NSE:BANKNIFTY   NIFTY BANK
closes below 20 period moving average in hourly time frame.
unless it closes above 20 period moving average in hourly time frame
more down side may be possible.
for the time it appears to be negative only positive if it closes above 37340 prior green bar candle.
if it breaks down of the channel next support comes at 36000 around.
some short term correction seems to be going on.