BANK Sector : All eyes on 380
March 15, 2011 Leave a comment
The BANK sector has key trend and price support at 380, and a weekly close, or even a daily close on strong selling below this mark will be rather bearish. It has not failed yet, but a more serious test may be in store for Wednesday, so keep a watch for signs of unusual selling pressure from institutions, because a breach of 380 will be a drag on the overall market and could delay or even derail the rally that is (was?) brewing on the SET.