October 27, 2017

BANK Nifty Weekend update

  • Bank nifty daily shows price at the top of the range.
  • Weekly MACD is still bearish. So Bulls need to do a range breakout to negate bearish set up.
  • Month chart shows RSI at overbought levels. But price is yet to show exhaustion. If daily range gives a breakout on the upper side, The up move is likely to extend further.