Bank Nifty- Bullish Hammer- Will it go to 38891?
Bank Nifty made a bullish hammer on the daily chart today. DIIs supported by becoming net buyers. PCR is oversold so is supportive of an upward move tomorrow.
If it breaches 38249, then it will test next resistance of 38891 and then 39802. CPR is wide and opening tomorrow should be above TC, so it will act as a major support on the downside. What do you think?
If it breaches 38249, then it will test next resistance of 38891 and then 39802. CPR is wide and opening tomorrow should be above TC, so it will act as a major support on the downside. What do you think?
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