sreebhashyam

NIFTYBANK: Dividend Story

NSE:BANKNIFTY   Nifty Bank Index
The RBI dividend remains in play, the picture clearly shows the break of Fibo Angles, pictured with the Golden section break out.

The result is the exponential move. This has been broadly noticed in the INDEX too, we printed the new weekly high.

Markets have their own unassuming strength or weakness; it is always called the collective wisdom. That is here to see.

What was the supply zone now becoming the support zone around the 48500, while that is held, the moves will target the 49350 being the 0.786% of the retracement of the recent fall from ATH.

Will that happen before the Exit poll or the after, or will the market print new ATH all are possibilities waiting.

Frustration mounts if we close below 48500 that is the warning signal, nothing to suggest that as of now.

Supports 48850-48650-48550
Supply 49000-49150-49350

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