Banknifty key levels for Aug 04th 2021

3 thg 8, 2021

Looking at hourly and 15 mina charts it looks good on up side. All major banknifty constituents like Axis, HDFC Bank, ICICI Bank, Kotak, Indusind, Bajaj Twins, etc have shown good strength today and likely to continue. As banknifty was in sideways for long, RSI on daily and longer time horizon is yet to confirm strong bullish trend. Looking at overall scenario, index is looking bullish. (not worried even if a small slide / sideways happens tomorrow post today's upswing)