Nifty Bank Index
Singkat

NIFTYBANK - BEARS FuMe

126
Nifty bank bulls kept the flat high almost through the day lead by the news of FM press conference. However, towards the later part of the day bears kept their hopes intact and pushed for control. Global cues did not help the bulls. Failure of 38800-900 and subsequent break below 38400 bulls gave up and closed in red. Now the real threat. Loss of 37900 (more probable brings one more time 37200) that is almost 1000 points and bank nifty typically does that from range highs and lows. Thus below 38650 keep the shorts for move to break of 37900 and towards 37200-400. Longs need to wait much longer.

Penafian

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