#NIFTYBANK is clearly on lower side of the range.Today it tried to breach important resistance of 34800 but was sold into. It is likely that tomorrow we will get a gapup due to low PCR ratio and global cues. Technically there is an macd crossover which is a bullish signal. Although I do not expect market to go very high. If the range is breached on lower side we can see some downfall. Compared to nifty I feel bank nifty has lower risk of downside as it is already been close to pre COVID highs.
