Bank Nifty buy every dip
◆ Bank Nifty opened positive but failed to surpass 38800 zones in the first half
of the day. The second half remained quite volatile however quick recovery was
seen from lower zones and it closed with gains of around 530 points. It formed a
Doji sort of candle on daily scale with longer lower shadow and has been forming
higher lows from the last five sessions
◆Now it has to hold above 38550 zones, in comming days Banknifty buying zone
38600-650 and move higher level can sell at 40000-40300
of the day. The second half remained quite volatile however quick recovery was
seen from lower zones and it closed with gains of around 530 points. It formed a
Doji sort of candle on daily scale with longer lower shadow and has been forming
higher lows from the last five sessions
◆Now it has to hold above 38550 zones, in comming days Banknifty buying zone
38600-650 and move higher level can sell at 40000-40300
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