SHORT TERM BANK NIFTY VIEW

BANK NIFTY HAS SEEN MAJOR SUPORT AT 8100-8160. IN THIS CHART I HAVE GIVEN FOUR 1,2,3,4,A AND B POINT. FROM POINT 1 TO 2 IT HAS BEEN SEEN THAT BANK NIFTY HAS TAKEN A NEW LOW BUT RSI SHOWS POSITIVE DIVERGENCE ALSO FROM POINT 3 TO 4 BANK NIFTY HAS TAKEN A NEW LOW BUT RSI SHOWS POSITIVE DIVERGENCE ONCE AGAIN. SO FROM 8100-8160 BANK NIFTY SHOULD GIVE BOUNCE BACK TILL 8450 AND 8700. BUY BANK NIFTY BETWEEN 8100-8150 SL 8050 TGT 8450,8700 IN VERY SHORT TERM

Regards
Raju Ranjan
9975606284