NIFTYBANK - BULLS POLICY TIME?

٨ فبراير ٢٠٢٢

Nifty bank, does the trick and falls perfectly to the lowest of the range (more than bargained for). Thus 37400 caps now and 36400 attracts. Any break of 36400 would spell more trouble and this is being reflected in Private Bank space while PSU banks supporting the index so far. Considering the weight of the private banks pressure would continue to build here. Near term 36700-37400 range should work and the recent upward break of the sloping trend line gets negated with yesterday's rise. Consolidation before next leg direction.