Bank nifty is coming to its trend line support zone.
from past many days Bank nifty was under performing the Nifty and that was the main reason nifty was not moving higher.
Earlier also i had mentioned in my last chart that bank nifty will consolidate between 27700 to 28300 zones which it did.
But now bank nifty is reaching near to its support zone of 27650-700 levels, i expect nifty to bounce from here.
So we have a Buy call in Bank nifty
Buy near 27700
SL 27600
Targets 28000
from past many days Bank nifty was under performing the Nifty and that was the main reason nifty was not moving higher.
Earlier also i had mentioned in my last chart that bank nifty will consolidate between 27700 to 28300 zones which it did.
But now bank nifty is reaching near to its support zone of 27650-700 levels, i expect nifty to bounce from here.
So we have a Buy call in Bank nifty
Buy near 27700
SL 27600
Targets 28000