Bank nifty- Doji on weekly. Trading above 50/100/200EMAs
Bank Nifty remains overall quite bullish trading above 50/100/200EMAs comfortably. It made a doji indicating a pause to the bearish sentiment due to global cues? If the pullback is sustained above 38811 then levels of 38891 and 39802 could come in play. PCR at 0.79 is oversold. CPR is just 50pts wide so 38593 could act as a good support. Days range could be 38970/38064. If sentiments based on global cues are good, we should see a swift pullback. What do you think?
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