Nifty Bank Index
Long

BNF for 21 August

181
After the ups and downs of the last several days, today the market has given a breakout on a big time frame and now the market is retracing. And small investors are moving out. A good profit booking can come till 50565. According to me, the market will remain below its red mark for one or two days, which does not mean that there is any negative sentiment in the market. Market will touch 50565 and then be ready for ₹52000.

Sentiment : Pure Bullish until 50500 break. Every dip will be for fresh buying and new positions for next expiry.

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