sreebhashyam

NIFTYBANK - BELL WEATHER BOUNCE

NSE:BANKNIFTY   Nifty Bank Index
Nifty Bank, the bell weather bounce pushes all boats higher and monstrous moves on the bank nifty. The downward slop break with gap is very encouraging and the bulls new found place is this one. While the up move strong what needs to see is what is strength for further move and if there is corrective move to wait for the buying. 39200 is one supply zone near term while this holds consolidation is what one can expect before one more stab to higher. 38400-39400 is the range with profit taking at higher levels is what one can expect.

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