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Banknifty: Bullishness to continue?
Nifty Bank Index
Long
Banknifty: Bullishness to continue?
By YieldYogi
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Updated
Dec 5, 2023
4
Dec 5, 2023
Bullish movement continues on tuesday as well for banks.
So what now?
Even though banknifty had an intraday retracement, but the index help up very well throughout the session.
We are expecting Banknifty to expire above 44500 for tomorrow expiry.
Aggressive players can aim for an exipry above 44700 but abovre 44500 is a conservative expiry target.
Simple and true to the basics as always
Dec 5, 2023
Note
Typo from my end. I am expecting banknifty to expire above 46500
Aggressive players can target for an expiry above 46700.
View stands negated if there is a gapdown of more than 0.7%.
BANKNIFTY
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YieldYogi
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Indian Stock Market trader & trainer. Believer that everything revolves around price of an asset and nothing else.
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