Nifty bank (20245)
Nifty bank yesterday had hold its support zone of 20000..19900 and made a low of 20070 closing with a doji candle stick pattern
As it is on trend-line breakout in positional charts it can show good momentum above 20340...20370 zone heading to show new 52 week high
Being a weekly expiry today it can show volatility
Today if trades below 20200 it can slide to 20070 which can act as a bounce back support for the day
Below 19900 selling pressure can be seen which can lead it to 19600 levels
Nifty bank yesterday had hold its support zone of 20000..19900 and made a low of 20070 closing with a doji candle stick pattern
As it is on trend-line breakout in positional charts it can show good momentum above 20340...20370 zone heading to show new 52 week high
Being a weekly expiry today it can show volatility
Today if trades below 20200 it can slide to 20070 which can act as a bounce back support for the day
Below 19900 selling pressure can be seen which can lead it to 19600 levels
No comments:
Post a Comment