Nifty Bank IndexViés de alta
Bank Nifty- Pauses, inside candle, Stays above 50/100/200EMA
Bank Nifty paused above camarilla R3 38832 acting as a major support. 0.71 PCR for next week expiry contra indicates an upside move.
FII 1598cr selling + DII 371cr selling total 1968cr selling pulled down banknifty in late day trade, however it still managed to stay well above R3. Indicates strength of the index. The pause may be good for the next push towards 39802/40k.
CPR at 88pts is relatively narrow, opening is likely below CPR (39143/39099/39054) so it will act as a major resistance.
Let us see if it breaches CPR and trends above tomorrow.
FII 1598cr selling + DII 371cr selling total 1968cr selling pulled down banknifty in late day trade, however it still managed to stay well above R3. Indicates strength of the index. The pause may be good for the next push towards 39802/40k.
CPR at 88pts is relatively narrow, opening is likely below CPR (39143/39099/39054) so it will act as a major resistance.
Let us see if it breaches CPR and trends above tomorrow.
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