Posts
MTECHTIPS:-BANKNIFTY
The Bank nifty witnessed a very positive session in yesterdays trade as the index witnessed strong buying momentum for the day. The Bank index looks positive to test higher levels in coming session and we may soon be testing the resistances of 9800 also. The index has crucial support below 9600 levels and any dip below these levels will test 9300 levels in coming days. The Bank nifty holding above the 200 DMA is a positive signal for the index and if it manages to sustain above these levels we may soon witness the index testing 10000 levels also. The bank index has very crucial support around the 9600 levels and if it slips again below these levels in coming sessions, we may soon retest the supports of 9300. Banking stocks have been trading in a small range between 9200-9600 since this range has been broken we may witness positive up move, but consolidation at current levels is not ruled out.
The Bank nifty witnessed a very positive session in yesterdays trade as the index witnessed strong buying momentum for the day. The Bank index looks positive to test higher levels in coming session and we may soon be testing the resistances of 9800 also. The index has crucial support below 9600 levels and any dip below these levels will test 9300 levels in coming days. The Bank nifty holding above the 200 DMA is a positive signal for the index and if it manages to sustain above these levels we may soon witness the index testing 10000 levels also. The bank index has very crucial support around the 9600 levels and if it slips again below these levels in coming sessions, we may soon retest the supports of 9300. Banking stocks have been trading in a small range between 9200-9600 since this range has been broken we may witness positive up move, but consolidation at current levels is not ruled out.
No comments:
Post a Comment