BANKNIFTY rally has been compromised?
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the recent rally of bank nifty has been compromised
when Friday's low has entered in to the territory of a.
No more this rally is impulsive as we can not mark this in impulsive way.
How ever still it is forming higher high and higher low as long as 37967 is not violated.
Bank nifty has strong support in the region of 38449 and 38375.
If this zone is violated and 37967 too is violated we can see major down turn.
As long 38449-38375 zone major support zone holds the bullish ness of bank nifty will be intact.
Sliding of Indian currency which was still resisting due to intervention of reserve bank ,is matter of concern.
let us hope this time too our indices outperform.
Hope for the best.
when Friday's low has entered in to the territory of a.
No more this rally is impulsive as we can not mark this in impulsive way.
How ever still it is forming higher high and higher low as long as 37967 is not violated.
Bank nifty has strong support in the region of 38449 and 38375.
If this zone is violated and 37967 too is violated we can see major down turn.
As long 38449-38375 zone major support zone holds the bullish ness of bank nifty will be intact.
Sliding of Indian currency which was still resisting due to intervention of reserve bank ,is matter of concern.
let us hope this time too our indices outperform.
Hope for the best.
Nota
Nota
Will the center line reversal take place?Breaking below the channel line confirm the decline is impulsive by nature.
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