Hi,
I am not giving any longs and shorts in this post, but according to the trendiness drawn, i am assuming that current trend in Nifty Bank is too steep to sustain. There are various other theories to back this move but this move on current level is not feasible to sustain.
i am expecting a consolidation at this point so that prices falls back to sustainable level. This move in bank nifty is unprecedented and too steep to sustain.
Look Forward to "29000"
Hemant Bhardwaj
I am not giving any longs and shorts in this post, but according to the trendiness drawn, i am assuming that current trend in Nifty Bank is too steep to sustain. There are various other theories to back this move but this move on current level is not feasible to sustain.
i am expecting a consolidation at this point so that prices falls back to sustainable level. This move in bank nifty is unprecedented and too steep to sustain.
Look Forward to "29000"
Hemant Bhardwaj