The Nifty Bank index has dropped below the 56,000 brands again today. The index is quoted at 55,861 0.7 percent. The advance/decrease relationship is 4: 8. This is negative for now.
Nifty Bank Index Outlok
Nifty Bank Index has an intradic support at 55,800 that seems to be fine for now. The index made an intradic minimum of 55,779 and then has increased well from there. If the index manages to keep above 55,800, there are good cases to see an intradic increase to 56,000-56,100 again. A decisive increase above 56,100 will clarify the way for an increase to 56,500 and higher levels of the week.
The index will be under pressure for more fall only if you get a braak Subtraled 55,800. If that happens, we can see a drop at 55,650 deepen the day.
Nifty Bank Futures
The Nifty Bank June Futures (55,974) has dropped approximately 0.6 percent. Imeediate’s support is 55,790, which remains well for now. If the contract breaks below this support, a drop at 55,650-55,630 may be so day.
On the other hand, if the contract manages to maintain above 55,790, 56,200 can be recovered at a break exceeding 56,000.
In general, the intradía image is an uncle. The contract can go anyway from here.