NIFTY BANK INDEX DAILY CHART FOR 09/05/2022

 

IMP GANN LEVEL WAS BROKEN WITH GAP DOWN AND  WE SAW SOME CONSOLIDATION 

AROUND IT WITH A  NEUTRAL CLOSING. BULLS WILL TRY TO DEFEND AND CLOSE THE 

GAP AND TRY TO CONSOLIDATE AND UP FROM HERE. ANOTHER GAP DOWN AND NO

FOLLOW UP COULD BE ANOTHER SCENARIO. MAY IS A PRESSURE MONTH SO TRY TO

BE SWIFT IN OPENING AND CLOSING POSITIONS IN PROFITS OR LOSSES. WE WILL SEE

LOT OF ACTION IN THIS MONTH ON BOTH SIDES SO BE WITH THE PREVAILING TREND.

LEVEL TO WATCH IS 34743 IF WE TRY TO CLOSE THE GAP.

DOWNSIDE 34018 IS THE CRUCIAL

HAPPY TRADING !!!