NiftyBank watch for a breakout.

6 thg 11

Bank nifty trading in a box and in a channel. 52600 is a breakout region. Wait for the breakout to pick good stocks in this index. If 54500 is broken and market resumes the uptrend then we could see 56000-100-200. Several good stocks in this sector offers good risk to reward.

This is just a view. Please do not treat this as a Buy/Sell recommendation.