The bank index witnessed pullback and buying the in the last two sessions. The prices are now just kissing a resistance level. 31800 levels may pose as a strong resistance for bank nifty, above which 32170, 32620 & 33500 seems possible. However any failure to hold 30900 levels will push banknifty down to 30000 zones below which banknifty may find support at 29500....
Gail is trading at an inflection point. A strong close above 127 will fuel up the rally whereas any selling pressure at the current levels may push the prices down south again to 110 zones. The RSI is at the bearish extreme zone.
