On May 31, 2024 Indian stock market witnessed contrasting gains.
But the striking feature was – BSE Bankex rising by +0.30%.
For the second straight trading day - ‘Nifty Bank’ maintained its pace and ended the session higher with 301.60 points @ +0.62%.
What is the indication?
A buy signal for them -- the positive crossover of the hourly and daily momentum indicators.
One can anticipate that the momentum will continue.
Is timing right to pick them up?
Decide!