BankNifty: Long either from here or from 32800 levels

2021年3月22日

Bank Nifty has corrected enough from 37000 levels and has also closed the 33300 gap now. It seems to be taking a trend line support that is running from Oct 2020. However, there is still a 5% chance that the index can take a quick dip to the previous ATH (32800 levels) and then starts its journey towards 37000. Given the current RSI levels and the amount of correction BankNifty has undergone, it makes sense to go long from here.