bijoy2526

BANK NIFTY gap provides strong support to it

NSE:BANKNIFTY   NIFTY BANK
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.



Comments

WHATs UPDATE SIR.FOR TOMO...1K POINT DOWN...TOMO..?
Reply
bijoy2526 James_Hopper
@James_Hopper, will try to post.
Reply
What's Your View on Nifty Sir??
Reply
bijoy2526 UpendraBabu
@UpendraBabu, sorry not finding enough time.will try to post soon.
Reply
Sir, I agree there will be a bounce but I think it will be short lived. Don't you think today was short covering and it is likely to fall after hitting 34500 or 35000?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out