KOTAK BANK at a very important juncture. Multiple times taken support at this level in the past couple of months. It's unusual that the bank that has remain quite resilient in these past months has started showing some weakness. Well nothing concrete till 1300 is hold. Hourly closing below 1300 would be a nice confirmation or just look at the volume candle on a 5 minutes Intraday Chart.HDFCBANK & HDFC are already weak, KOTAK BANK breaking 1300 will drag the index lower. AXIS BANK is good till 425, ICICI till 353. SBIN will simply follow. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Commento:
Hourly Closing below 1300 was the cue here. Now keep an eye on AXIS BANK & ICICI BANK.
