Today retraced 61.8 percent of recent rally. Now it rests on the channel line through out the day Didn't violate the channel. Most of the public sector banks some private sector banks have nr7 day today searching for direction. Hence imminent break out of Bank nifty seems to be on the card, I may not post regularly here as I found out most are just viewing my posts. It takes time to study and post. Don't forget to like my post. follow me to get updates.
Bijoy, you magical lines can be seen in action again... Also today though it opened gap down I was expecting an evening star, but it created a nice green doji - so i too share your view of a rally in bank nifty...