Bank Nifty is very bullish

Bank Nifty has been in a bullish trend. We had updated the guppy moving averages on the daily chart which turned bullish a while ago.

This trend is playing out well now.

See the monthly chart above with the KST. KST indicator has given a buy. This is a rare indicator and the index moves huge after such a buy.

It might pay to be long this index or banking stocks for the coming few years.

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