NIFTY crosses the channel.

opens at the 20 dma, Surpasses the channel forming huge green candle.
FII and DII figures turns positive.
it appears the trend will continue.
of course reliance is also going to break the channel it self(see my reliance chart)
IT stocks appear to be rallying themselves.
SBI has bounced again respecting the gap it had formed after its quarterly result(not filling that again)
Bank of boroda is also bouncing.
as yesterday I has mentioned banking sector rally might pick up soon
today same thing happened.
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