traders_pit

Bank Nifty near near term bottom?

NSE:BANKNIFTY   Nifty Bank Index
Bank Nifty gave a good fall today. But, now BankNifty index is nearing long term support levels.
Thus, the question is will Bank Nifty fall more or the low today is near term bottom?
As, we can see in hourly chart, RSI is showing positive divergence with lows made by Bank NIfty spot.
It shows that maybe we will see a limited down movement right now and may actually see a up move from current levels.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.