Bank Nifty Preparing to gain for a bigger Fall

숏

Nifty Bank Index (NSE:BANKNIFTY)

업데이트됨

NSE:BANKNIFTY Nifty Bank Index

trendanalysis fibonacci banknifty nifty banks indianstocks risingwedge trendbreak

Bank Nifty is weak. It has recently broken the uptrend maintained in the past few weeks. However for the next 2 - 3 days a upside move is possible to be seen only to witness a greater fall in days following it.
Stay cautious and downsize your positions.

코멘트:

BANKNIFTY achieved the taget much much much before than anticipated. The weakness was evident in the past 2 weeks and a very easy downward push has been witnessed.

Further looking for 17,500 as the crucial point to determine year's low in the instrument.

코멘트:

PM announced 20 lakh crore package and market is gap up. A retest to 20,300 level and around is important for a greater fall.