Nifty bank technical view on weekly charts
Nifty bank technical view on weekly charts
SEBI RA - Sunil Kotak - INH000015826
Nifty bank
Weekly chart
After the trendline crossover we have seen a very good rally in the nifty bank
Nifty bank can now move towards 60200 very soon in next 2-3 weeks
Momentum is good as we are above 60 RSI on daily charts
When overall on a economy level things improve than banking is the first to move.
Gold imports will reduce as gold prices is down substantially.
Crude import will reduce as crude prices are down substantially.
57600-57700 major support
We are bullish till the time we hold onto the above level
Stock to keep on radar


















