Description
⋅ Bank nifty showed a bounce from the trend line despite low volumes today. Buy's(on dips) can be taken if it continues to show bullish momentum.
Trade active
⋅ Bullish momentum seen & trade is active it still remains a buy on dips, today it dipped to 42394(days low) & then started going up from there.
Comment
⋅ Momentum seems to be slowing down as today it failed to close above yesterday's high. Still no reason for a change in bias.