Supreme court judgement on loan moratorium case is scheduled on Monday 28th Sept 2020. More probable outcome of the judgement is expected to be against the banks which will adversely affect their profits.
So more chances on the downside movement expected!!!
Inverted hammer formation in the oversold market followed by a large bullish candle encouraging the bullish trend formation.
If the price breaks above 21250, Going for long is better with the immediate small target of 21450. If the trend continues after, later 21900 before trend reversal opportunity at this point.
If the prices break below 21000 levels,...
Bank Nifty is in an ascending broadening wedge channel since July. But now is in the downward movement towards the support level at 21200.
Immediate target of 21450 to next target of 21200 is possible.
If 21200 level is a breakout, then the possible targets will be 20350 to next target of 19450
If 21200 is not a breakout and reverses at this level, there will...