sreebhashyam

NIFTYBANK - FROM BANK TO BLANK

Long
NSE:BANKNIFTY   Nifty Bank Index
Nifty bulls vomit the hard work. The index was overwhelming for the bank nifty to hold the forte. Instead it joins the race with other parts to fall like nine pins. Now it is no longer leader. It just chugs along the index. Near term 39300 is strong base so one can expect some rally. New range or revisit of old range 39300-40300 back in play. For the day above 39300 longs preferred.

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