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Nifty Bank Index
Long

#banknifty 3rd doji in 4wks, remains above 50/100/200EMAs

Di PromodSshrivastava
banknifty made a doji last week -indecisive candle. Could be seen as a positive as it withstood the fear and uncertainty without losing much ground at all. In fact this week doji is a mirror image of doji candle 4wks back. PCR is 0.86 quite balanced considering the global sentiments. CPR is narrow at 26pts so a trending day could be expected. With price well clear above 50/100/200EMAs, overall bias seems positive. What do you think?
BANKNIFTYChart PatternsTechnical IndicatorsTrend Analysis
PromodSshrivastava

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