Nifty Bank Index

BANKNIFTY getting READY for another big rally..?

As we can see BANKNIFTY showed a unidirectional move as analysed in our previous post as it held up and sustained itself with the strong opening. Now watching thebgloval scenarios, we can again expect BANKNIFTY to open strong and hence until we are above the zone, every dip will be a BUYING OPPORTUNITY. There might be some volatility due to oncoming elections results which I think is already factored in so plan your trades accordingly.

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