Hey guys , hope you are doing fine and having a great day.
With global markets moving in uncertainty , the markets in india are also witnessing good upswings and downswings recently.
Bank nifty after creating a new all time high this week has been in a strong sell off and witnessed some buying near the 37,000 area on Friday .
Rally doesn't look strong enough and expect Bank nifty to bounce and face resistance near the breakout pullback zone and the top of the trendline.
The sell off was sharp enough so expect BNF to be sideways or down this coming week.
Follow my page for more trading ideas.
Cheers!
Piyush
With global markets moving in uncertainty , the markets in india are also witnessing good upswings and downswings recently.
Bank nifty after creating a new all time high this week has been in a strong sell off and witnessed some buying near the 37,000 area on Friday .
Rally doesn't look strong enough and expect Bank nifty to bounce and face resistance near the breakout pullback zone and the top of the trendline.
The sell off was sharp enough so expect BNF to be sideways or down this coming week.
Follow my page for more trading ideas.
Cheers!
Piyush