Neutral to Bullish BANKNIFTY
BankNIFTY shows sideways to Bullish move most of this week. Expect a slight correction before the up move resumes
Prev. Week High and CPR expected to provide Support
Upmove will resume once the selling is absorbed.
Overall trend still remains bullish.
Sell Volume is weak. Upmove could be affected by FED news.
Prev. Week High and CPR expected to provide Support
Upmove will resume once the selling is absorbed.
Overall trend still remains bullish.
Sell Volume is weak. Upmove could be affected by FED news.
Note
As mentioned in the video, CPR was the support level and market has bounced back. Watching the volume for continuation to short PE further.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.