Bank Nifty Analysis

Bank Nifty Analysis. As on Tues, 23 March 2021. CMP 33,784. Posted at 10:40 am.

The view remains bullish short term to take price to the 36,000 level.  But slightly longer term price appears to be in a bearish triangle.

That said, bank nifty has hardly moved much from the recent low of 33,362, in contrast to Nifty.

Short term trading on Bank Nifty currently is tougher than Nifty as new lows below 33,362 cannot be ruled out.