bijoy2526

NIFTY reduces its pace to let bank nifty accompany it.

Long
NSE:NIFTY   Nifty 50 Index
well just watch my post on august 23 predicting catch up rally of bank nifty.
Did I not predict it before?
I had also predicted rally of psu banks which has just commenced, much to proceed.
it seems reliance is consolidating and bharti too.
if dollar declines IT stocks may underperform temporarily.
of course components of bank nifty will certainly boost nifty too.
different level of support and resistances shown in the chart,
one leg of retracement of nifty is due,but from where it takes place let us see.
while deciding support and resistance levels I have taken help from market profile.
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please go through my previous posts.

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