vanathi

Bank Nifty - Weekly Review Feb 26 - March 2

NSE:BANKNIFTY   NIFTY BANK
Price action will remain bullish as long as it holds 25100 for the targets 25500, 25720, 25840 and 26000. On the other hand breaking 25100 will make the price to move towards the next support levels 24800, 24600 and 24500.
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Comment: Target 1 & 2 done!
Comment: Price action reversed after hitting 2 targets!
whats next then ?
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@Bhesh, Price will move towards support levels.
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with PSU Banks taking such a hit, all would become penny stocks and would move out of NIFTY and replaced by private Banks in due course. We may not see such a volatality in future. Previously it was the turn of infra stocks and now Banking stocks. Waiting for a break of 25100 as you have opined..
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AROUND 25400 now...the outer candle is bigger than the inner. More down side now...
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vanathi Gururajr
@Gururajr, Yes
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