Banknifty key levels for Aug 05th 2021

4 באוג׳ 2021

Like call given yesterday, Banknifty charts are showing good strength. While small retracement is due with such a surge, bullish views continue to holds good. RSI on Daily, hourly time frame showing good positive momentum. All major bank nifty constituents like HDFC Bank, ICICI Bank, Kotak Bank, Axis, etc also showing good strength. With SBI's good results and SBI chart having good strength (Check my stock idea where buy call given on Jul 29th) and collectively not seeing any major negativity except for small retracement can be seen any time. (Bit unlikely on a expiry day looking at long built up).