#banknifty breaches 38832 with a green candle, 39802 next tgt
#banknifty breached critical resistance 38832/38891 with a green candle emphatically. Late selling could bring index to retest this level and take support. Bullish run continues with index trading above 50/100/200EMAs. The next major resistance is 39802 which could be tested in the near future. FII/DII net purchase of 995cr with DIIs being the support helped the market make the decisive move. We can hope this continues.
PCR for next week expiry is now nicely balanced at 0.92. We could see continued momentum upwards.
What do you think?
PCR for next week expiry is now nicely balanced at 0.92. We could see continued momentum upwards.
What do you think?
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