BANK NIFTY another reversal.?
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It happens to be the best performing index through out .
Several upgradion of various banks and nbfc have come in recent times,
It appears hiking interst rate coming in the favour of banks and nbfc.
after striking recentall time high it had declined in three wave
that never proves it as an impulsive decline.
with earning calender around the corner positive surprises from icici bank,indus india bank,baj finance etc
may fuel its rally ahead,
we should not commit mistake to underestimate bank nifty.
we should play it with proper hedging as it is showing a swing of more than thousand points in a single day.
from recent low of 37386 it has bounced to cross above 39000.
Don't forget to like this post.
follow me to get updates.
Pleae go through my recent posts of bank nifty.
Several upgradion of various banks and nbfc have come in recent times,
It appears hiking interst rate coming in the favour of banks and nbfc.
after striking recentall time high it had declined in three wave
that never proves it as an impulsive decline.
with earning calender around the corner positive surprises from icici bank,indus india bank,baj finance etc
may fuel its rally ahead,
we should not commit mistake to underestimate bank nifty.
we should play it with proper hedging as it is showing a swing of more than thousand points in a single day.
from recent low of 37386 it has bounced to cross above 39000.
Don't forget to like this post.
follow me to get updates.
Pleae go through my recent posts of bank nifty.
Nota
Nota
when bank nifty was 41405 I had suggested a target of 40080 .40200 pe had jumpedfrom just above 200 to 2550 for this decline.Such is huge movement baank nifty
is exhibiting.
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