NIFTY BANK VIEW
Nifty bank (25321)
▪Nifty bank has formed a bullish engulfing candle yesterday after a series of doji hammers consolidation of last week.
▪Today it has to trade above 25380 and show 25470..25525 ..25608
▪Trading below 25000 can again slide it to 24800..24465
▪Any breakout after consolidation indicates the trend reversal signals and in the case of banknifty it is with a positive candle formation so the higher levels can be seen soon.
Nifty bank (25321)
▪Nifty bank has formed a bullish engulfing candle yesterday after a series of doji hammers consolidation of last week.
▪Today it has to trade above 25380 and show 25470..25525 ..25608
▪Trading below 25000 can again slide it to 24800..24465
▪Any breakout after consolidation indicates the trend reversal signals and in the case of banknifty it is with a positive candle formation so the higher levels can be seen soon.
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