Bank Nifty has been trading in bearish channel since start of the week, as in my previous analysis bank nifty target hit today and bank nifty closed just inside the trend line support making small false break. It seems it retested the support today but didn't make breakout which signs a long entry, Bank nifty may go upward direction from tomorrow and also start from the next week with a target of 19110 in near term. traders have to be cautiously watch breakout downside it it opened in red then further downward is confirmed and it will head first support 17800.
Dagangan aktif:
Bank nifty seems respecting support stay long.