NIFTYBANK - Bulls "Crisil Cross"

22 Kas 2022

Nifty bank, a lonely space where the losses are limited. However, the sharper rises in many places within this index and broader negative shades elsewhere in other sectors might force profit taking here too. The series of growth down grades, push back of the targeted 5 trillion date. First, decent selling numbers from FII all suggest the chances of profit taking down move than otherwise. Broader frames in 41800-42800 and one needs break of either to move the needle. However, short term the bulls find it difficult to trigger higher and stay higher. Sell moves to 42500 stops 42700 for move back to 42250-300.