it seems that the Bank Nifty is currently in a strong buy mode, with support levels at 41,500-41,400. The upside resistance is visible at 43,000 where the highest open interest is built up on the Call side, and once surpassed, there may be further short covering. The pivot point calculator suggests that the Bank Nifty may take support at 42,614, followed by...
Bank Nifty will stay greener for a week and will start bearish from next week.
Bank bees showing a buy signal and from here it will be stay greener for a week.
I have developeda strategy which is based on two condition. First it look candle crossover the 200 EMA and once the crossover/crossunder happened. it will take the entry after the price reached 0.7% Up / Down from the crossover/crossunder.