it has come out of congestion of NR7 day before.
among its constituents both icici bank and axix bank exhibiting very positive chart.
sbi testing its resistance zone if it overcomes it its upward will continue.
pnb is lagging and both hdfc bank and kotak bank showing consolidations.
if bank nifty overcomes resistance at target 11 target 12 is possible.
for any long position stop loss should be 35000.
it is unlikely sbi will go back and fill up the gap that it has left behind in near future.
In any case if bank nifty breaks below 35500 next support is at 33790.
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among its constituents both icici bank and axix bank exhibiting very positive chart.
sbi testing its resistance zone if it overcomes it its upward will continue.
pnb is lagging and both hdfc bank and kotak bank showing consolidations.
if bank nifty overcomes resistance at target 11 target 12 is possible.
for any long position stop loss should be 35000.
it is unlikely sbi will go back and fill up the gap that it has left behind in near future.
In any case if bank nifty breaks below 35500 next support is at 33790.
don't forget to like my post.
follow me to get updates
