Monday 1 October 2018

Bank Nifty Weekly View


Bank Nifty continued its southward journey for third consecutive day on Friday and closed in the red for eight out of last nine sessions. September was like a nightmare for the market, Bank Nifty forming a long bearish candle which resembles a Bearish Engulfing pattern on the monthly charts. Rising crude oil prices and rupee volatility caused selling pressure in the market.

Weekly chart





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