Nifty Bank IndexLong
Bank Nifty - Long
Nifty bank looked weaker in today session it closed between 20 EMA ( Lower Side) and 200 DMA ( Upper Side)
Stocks like SBIN (Bearish) , YES Bank ( Mildly Bearish) would continue to show some weakness.
Indus Ind bank ( At support ) , Axis Bank ( At Support ) , ICICI Bank ( Bounced from 100 DMA),
HDFC Bank ( Trading in a Range) should keep the bank nifty high.
Over all Bank nifty looks positive for next session.
Bank nifty can be bought at current levels 28725 with stop loss of 28621 ( 100 Point Stop Loss)
Stocks like SBIN (Bearish) , YES Bank ( Mildly Bearish) would continue to show some weakness.
Indus Ind bank ( At support ) , Axis Bank ( At Support ) , ICICI Bank ( Bounced from 100 DMA),
HDFC Bank ( Trading in a Range) should keep the bank nifty high.
Over all Bank nifty looks positive for next session.
Bank nifty can be bought at current levels 28725 with stop loss of 28621 ( 100 Point Stop Loss)
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