Nifty Bank – 03.02.2018.

Daily Sentiment: Bullish.

Weekly Sentiment: Bullish.

Trend Strength: Strong

First Target: 27652 (Target zone)

Inside this channel rise can resume in any moment.

But we must be ready for deeper correction towards major Support zone.

If index reaches channel support it could be opportunity to buy.

If there is close below Support zone forget about buying.

Close above highs and later channel resistance would confirm further rise.

While NIFTYBANK holds in the middle of channel just monitor it.

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