1. Trading in the channel , will bound to go near the channel , 200 points down , will drag the bank nifty below levels in coming week
2. similar analaysis done for private bank , both the sectoral banks are short term bearish , will drag banknifty at lower levels
3. Since Private bank is at 200 EMA support will bounce and take banknifty up 500 points , in coming week
4. refer the levels seperately in bank nifty analysis and trade acoordingly , go long at the supports shown for better risk reward
like if you agree with the analysis
2. similar analaysis done for private bank , both the sectoral banks are short term bearish , will drag banknifty at lower levels
3. Since Private bank is at 200 EMA support will bounce and take banknifty up 500 points , in coming week
4. refer the levels seperately in bank nifty analysis and trade acoordingly , go long at the supports shown for better risk reward
like if you agree with the analysis
Comment:
It has fallen below the channel , Banking sector is weak
