NIFTY BANK-SIDE WAYS MOVE AND LEVELS TO WATCH

NIFTY BANK:Broadly speaking still BNIFTY is not fully out of danger.As of now sideways move with negative bias.The trend is likely to reverse only when BNIFTY holds above 49650-49700 decisively. Incidentally 49650 is its 20 DEMA level,If holds will make an attempt at 50000+.Major support lies at 48900-49000.Close below these levels likely to trigger another 500-1000 points fall(For educational purpose only)