Bank NIFTY-Weekly Outlook-Venkat's Blog
The Bank Nifty moved in shorter range of 1033 points Viz. between 42269 & 43302 which made a bullish candle and made a higher high and higher lows. Going forward the break-out level of 41300 would become a support for some time at least till we see a daily close below this level. The Index is trading in a new upward sloping channel with a pivot at 42970 and the top at 43770 and lower support at 42070. Only a close below 42000 could lead to deeper correction. Expected range for Bank Nifty is 42070-43770. A daily close outside the broader range indicated above would require re-evaluation.
Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.
Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.