BankNIFTY shows sideways to Bullish move most of this week. Expect a slight correction before the up move resumes
Prev. Week High and CPR expected to provide Support
Upmove will resume once the selling is absorbed.
Overall trend still remains bullish.
Sell Volume is weak. Upmove could be affected by FED news.
Prev. Week High and CPR expected to provide Support
Upmove will resume once the selling is absorbed.
Overall trend still remains bullish.
Sell Volume is weak. Upmove could be affected by FED news.
Comment:
As mentioned in the video, CPR was the support level and market has bounced back. Watching the volume for continuation to short PE further.