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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.