Nifty Bank Index
Short
Updated

Banknifty can fall more if break the rising channel

108
Banknifty on weekly time frame is running in a rising channel pattern, but as per present senerio and global market conditions it is more likely that it may break this channel and if so, we can see a more panic situation, and will see a level of 24000-25000 very soon.
Wait for the confirmation and will be confirm once it breaks 28500.
Note
28500 break now will see 24000 to 25000

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.