Bank Nifty also looks Short Term Bullish
Tomorrow likely to open Flat or Small Gap up, if any pull back to 40493 we can go long, if sustains above 40690 and closes above 40889 then Target 1 will be tested. We have Strong supply zone at 41110 where it will consolidate if BULLISH momentum continues.
On the other hand, if any weakness and closes below 40328 Banknifty might fill the gap and 40050 Target 1 on the lower side will be tested.
Tomorrow likely to open Flat or Small Gap up, if any pull back to 40493 we can go long, if sustains above 40690 and closes above 40889 then Target 1 will be tested. We have Strong supply zone at 41110 where it will consolidate if BULLISH momentum continues.
On the other hand, if any weakness and closes below 40328 Banknifty might fill the gap and 40050 Target 1 on the lower side will be tested.
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