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Bank Nifty is relatively bullish and so made a new high compared to Nifty. However it is still in a broad band of trading range 8550 to 8950.
It is likely to retracing the intra fall of 8963 to 8790.
50% @ 8877 & 62% @ 8897 are the ideal levels to sell it if the trading the range continues.Trade long with SL @ 8790 or wait to sell higher.
I do not follow Bank Nifty and the views are based on Nifty as well as Bank nifty's 5 day chart.
4 comments:
sir pls display yr nifty chart table
Hi Mr. Ilango
RSI is going up and Nifty price is going down is it a bullish divergence?
Regards
Akhil
Hi..Akhil,
It is an indication of some bullishness in the shortest time frame.
thx a lot ilango sir for give the view of bank nifty
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