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TECHVIEW ON BANK NIFTY FOR AUG

Largo
NSE:BANKNIFTY   Nifty Bank Index
Market is very bullish on bank nifty form last 2days banking and financial sector are OUTPERFORM as GOVERNMENT announced survival plans for banking and financial sector.

banking stock Given breakout from their consolidation state and trying to reach new highs, This bullish momentum is still going to continue till the weekend for the level of 23500.

As we seen today the bank nifty traded sideways and having resistance at 23150 with immediate support of 22900.

For tomorrow if bank nifty open GAPUP than LONG With the following stoploss of 23130(today high).

Disclaimer:- Do your own research before investing. trade on your own risk.


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