Nifty Bank IndexLong
Bank Nifty- Does it have the momentum to go on
Bank Nifty breached a strong resistance with a big green bullish candle. Level 38891 will act as a major support going forward.
PCR at 1.17 is already a switch from a bearish view a day earlier. Bank Nifty faces some resistance at 39k, once breached, it could go on towards 39802 quickly. Next levels will take it to new all time highs. CPR is 174 pts wide, so 39244 (TC) will act as a good support on the downside. Other supports are 38891/38249.
Let us see how far banknifty goes tomorrow.
PCR at 1.17 is already a switch from a bearish view a day earlier. Bank Nifty faces some resistance at 39k, once breached, it could go on towards 39802 quickly. Next levels will take it to new all time highs. CPR is 174 pts wide, so 39244 (TC) will act as a good support on the downside. Other supports are 38891/38249.
Let us see how far banknifty goes tomorrow.
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