Last close 26978.80 Our call for traders on Wednesday was “SELL BANK NIFTY S/L 26944…….INTRADAY WILL SLIDE TO 26711…!!!”………Just check what happened……BANK NIFTY slide to 26706…….Yes slide of 150 points just happened in hour time.
Bank Nifty then sharply reversed from lower levels formed Dragonfly Doji pattern.
Dragonfly Doji candlesticks charting pattern is a bullish formation that occurs at the end of a downtrend.
We are in of an upswing and today we have both global and local help to move forward. Technically market closed in comfortable phase … but still keep a stoploss of 26888 to your buys time being …On the upper side it can zoom to 27233, Crossover and close will take it to 27386.