Bank Nifty - Slips below 100EMA, makes a Doji
Bank Nifty made a doji today- indecisive cross candle- so it could move in any direction.
Since it slipped below 100EMA - indicates a weaker bias? There may be more weakness to come. Next support at 36400, and if it manages to move up, then resistance is at 37753.
FIIs sold for 2300cr today - unless we see a pause here, Bank Nifty might find it more tough to find solid ground under present conditions.
So will we see the weakness to continue in coming sessions....let us see.
Since it slipped below 100EMA - indicates a weaker bias? There may be more weakness to come. Next support at 36400, and if it manages to move up, then resistance is at 37753.
FIIs sold for 2300cr today - unless we see a pause here, Bank Nifty might find it more tough to find solid ground under present conditions.
So will we see the weakness to continue in coming sessions....let us see.
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