Bank Nifty shows buy-side potential holding above 50DMA (58,689) near 58,848 with intraday support at 58,815 intact despite minor pullback. RSI in neutral zone with positive price action above key EMAs signals momentum recovery toward 59,140 highs on volume pickup. Stochastic crossover and pivot hold at 58,800 favor dips as entry for targets above 59,500, confirming short-term bullish structure. Sustained close above 59,000 validates positional longs amid banking sector rotation.
Warning-
Disclaimer– Registration granted by SEBI, membership of a SEBI recognized supervisory body (BSE) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclosure– Investments in securities market are subject to market risks, read all the related documents carefully before investing.
Comments
One response to “BUY : BANKNIFTY30DEC2558500CE( BANKNIFTY ) [60164]”
TARGET HIT