Bank nifty made a new intrady high of 29827 but couldn't close above the previous high on closing basis of 29749 (18th Nov).
This signifies dragging of bull run till the end of a series, distribution at higher prices.
Bank nifty unless closes above 30,030 is not not a candidate for long. Stay cautious and for existing long positions keep strict stop loss of...
Bank Nifty Future Analysis:
Showing clear signs of bullishness as per price analysis with high volume and poor bearish candle formation. Bnf futures had gone to run stops inorder to get liquidity for the upside in the coming days.
This is a clear long setup and initial target of 21800 was hit.
Note: This surpasses all retail logic and thinking. There was no...