bijoy2526

BANK NIFTY nothing has changed.

Long
NSE:BANKNIFTY   Nifty Bank Index
after 4 days of hectic rally its pace has slowed down a little.
I was expecting this as it and other pvt sector banks like icici bank.axis bank had progressed
at faster pace leaving behind the 5 days dma little behind.
under these conditions normally strong buying observes again when it touches 5 dma.
today also it forms higher high and higher low.
bank nifty has bounced just from target 7.
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