BANK NIFTY WEEKLY STUDY
Last week we clearly mention that bank nifty is in consolidation mode and just it not able to break the range.
For current week also bank nifty having same range, of 11750-12310 till its not closing beyond this range we can see consolidation and up and downs between this range only.
As per chart now rsi able to come out from overbought zone, and able to move below support line also.
As we can see that, if bank nifty able to close below 11700-800 range then it can try to touch the support line, and closing above 12350 can give breakout in bank nifty. So till the time this range is not broken one should not think about positional holding.
No comments:
Post a Comment