BANK NIFTY | REVERSAL | LONG
BANK NIFTY has been forming Higher Lows since Jan last week.
Each time the price breaks down from the Weekly Support, there is instant buying.
This is indicative of the fact that there are Buyers.
A Long Swing position can be taken on Bank Nifty preferably for the March series considering the fact that there are only 5 trading sessions left until Feb series expiry.
Main contributors towards this rally could be HDFC BANK & AXIS BANK.
As per my analysis, BN could test 50,750 levels in the coming week.
Each time the price breaks down from the Weekly Support, there is instant buying.
This is indicative of the fact that there are Buyers.
A Long Swing position can be taken on Bank Nifty preferably for the March series considering the fact that there are only 5 trading sessions left until Feb series expiry.
Main contributors towards this rally could be HDFC BANK & AXIS BANK.
As per my analysis, BN could test 50,750 levels in the coming week.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.