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Nifty Bank Index
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banknifty critical support level breached, gaps to be filled?

Oleh PromodSshrivastava
banknifty lost momentum as FII/DII together sold for 1657cr today. PCR is 0.76 and contra indicates a pullback. Vix surged today to close at 19. Critical support of 37670 was breached. Tomorrow indication is of a gap down, so likely this will act as a resistance. There are multiple gaps left behind and one should be filled tomorrow probably. CPR is narrow and a trending day is expected. With worrisome global cues, a pullback could come after some more correction and consolidation. What do you think?
BANKNIFTYChart PatternsTechnical IndicatorsTrend Analysis
PromodSshrivastava

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