#banknifty is range bound for the day between 39300-39550 with #hdfc #kotak #axis in red and rest other supporting
#banknifty 37005 may correct from here as #induslandbank #kotak #icicibank #hdfcbank creating pressure and 5 min chart is bearish
Reason why #banknifty 46520 was important level, last day it recoveres multiple times from this level and today it breaks that level and each small recovery was followed by selling. We are bearish until it hold that level. Most of the banks showing weakness except #kotak #hdfcbank.
When you have broader view about the market, things looks simple and easy,....sometimes ride #sbin other times #hdfcbank, #icicibank, #bob, #axis, #kotak but best part market doesn't surprise you much....feels like you have control of things...enjoying each moment of journey from 54k to 50k and then upside since then.....chart looks simpler once you understand something and that something keeps repeating....feels like something which can't be explained in words.