Nifty Bank Index
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NR4 day for bank nifty

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with both private sector banks and beaten down public sector banks participating
further upward movement expected.
beaten down public sector banks like Can-bank sbin seems to be bouncing.
for both hdfc and hdfc bank may rise further(NR7days for both)
both icici bank and axis bank exhibiting reversal candle.
today' s low should be stop loss for any long position.
and targets obvious from the chart.
Nota
as bank nifty has risen much from its low level
probability of pullback is there.
hence one should not go long if there is gap up.
buy on dip strategy should adopted
Nota
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