BANK NIFTY if selling continues may slip to 28150-28050
if breaks T4 and today's low. Further down side expected.
Profit booking is taking place from over bought condition.
second wave of corona virus and weak global cues leading to sell off.
it does not look like expiry related selloff.
On close observance it seems to be well with in two lines of pitch fork.
now this rally is not over. It is only retracement not reversal of this bull run.
one more leg of upside expected after it is cooled of from over bought condition.
Arrow mark in the chart pointing to the area Bank nifty may fall if sell off continues.
tomorrow's movement crucial for detecting its trend
Profit booking is taking place from over bought condition.
second wave of corona virus and weak global cues leading to sell off.
it does not look like expiry related selloff.
On close observance it seems to be well with in two lines of pitch fork.
now this rally is not over. It is only retracement not reversal of this bull run.
one more leg of upside expected after it is cooled of from over bought condition.
Arrow mark in the chart pointing to the area Bank nifty may fall if sell off continues.
tomorrow's movement crucial for detecting its trend
