Nifty bank was dragged from today's high of 41900 to near 40400 level forming 3 black crows pattern which is clearly spotted under 30 minutes timeframe after that Hammer pattern is formed but it is not forming at the bottom of the trend.
So we can't precisely conclude that it will show a positive momentum but still we can hope for that in tomorrow gap up opening.
Nifty banks immediate support can be taken at 40350-39500
And resistance at 41000-41400-41600.
Some important points which can boost the trend towards north:-
Good news from budget which helps to pump cash in equity stocks for long term investors.
Disclaimer: These are my personal views on the market. Please take investment advise from your financial advisor before investing.
Like and boost up my post for more such curated views on indices and stocks.
So we can't precisely conclude that it will show a positive momentum but still we can hope for that in tomorrow gap up opening.
Nifty banks immediate support can be taken at 40350-39500
And resistance at 41000-41400-41600.
Some important points which can boost the trend towards north:-
Good news from budget which helps to pump cash in equity stocks for long term investors.
Disclaimer: These are my personal views on the market. Please take investment advise from your financial advisor before investing.
Like and boost up my post for more such curated views on indices and stocks.