Bank Nifty gave a good fall today. But, now BankNifty index is nearing long term support levels.
Thus, the question is will Bank Nifty fall more or the low today is near term bottom?
As, we can see in hourly chart, RSI is showing positive divergence with lows made by Bank NIfty spot.
It shows that maybe we will see a limited down movement right now and may actually see a up move from current levels.
Thus, the question is will Bank Nifty fall more or the low today is near term bottom?
As, we can see in hourly chart, RSI is showing positive divergence with lows made by Bank NIfty spot.
It shows that maybe we will see a limited down movement right now and may actually see a up move from current levels.