bijoy2526

BANK NIFTY gap provides strong support to it

NSE:BANKNIFTY   NIFTY Bank Index
bank nifty fills up the gap which I had mentioned in one of my post. and gap provides strong support to it.
stochiastic is in over sold condition and there is divergence between
price and oscillator. Hence bank nifty may bounce from here.
as such it is premature to assume that it is going to take out all time high.
as per me another selling opportunity lies ahead.
at present my view is neutral.
but one lesson market teaching every body don't follow gap up or gap down.




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