Nifty Bank IndexLong
Bank Nifty-Closed above 50EMA after 34 consecutive trading days!
Bank Nifty has finally breached 50EMA and closed above it after 34 consecutive trading sessions. Helped along by FII (1274cr) and DII (533cr) buying!
PCR went up a notch to 1.42.
36479 was breached comfortably today, so the next resistance is 37457 which should be the target tomorrow.
On the downside wide CPR will be a support followed by 36479.
Chart sare screaming bullishness...so we could see some breather tomorrow (like we saw a bit of scare mid session today) but the bet is on further upside.
So lets see how markets go tomorrow.
PCR went up a notch to 1.42.
36479 was breached comfortably today, so the next resistance is 37457 which should be the target tomorrow.
On the downside wide CPR will be a support followed by 36479.
Chart sare screaming bullishness...so we could see some breather tomorrow (like we saw a bit of scare mid session today) but the bet is on further upside.
So lets see how markets go tomorrow.
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