Bank Nifty Weekly Analysis for 26-12-22 to 30-12-22.
Bank Nifty Weekly Analysis for 26-12-22 to 30-12-22.
42461-42880 is Resistance for this week.
39970-40769 is major Support For Bank Nifty coming weeks.
If Bank Nifty trades below 41500, Targets on Downside are 41000/40769/39970.
We may see a upward move only if banknifty consolidates between 40769-41500 for couple of days and breaks 41500 on upside.
Verdict: BankNifty is in Downtrend as per Daily & Hourly Timeframe. We may see a Pullback from the Support Zone and
once the Index test the Resistance Area, BankNifty resumes its downtrend.
42461-42880 is Resistance for this week.
39970-40769 is major Support For Bank Nifty coming weeks.
If Bank Nifty trades below 41500, Targets on Downside are 41000/40769/39970.
We may see a upward move only if banknifty consolidates between 40769-41500 for couple of days and breaks 41500 on upside.
Verdict: BankNifty is in Downtrend as per Daily & Hourly Timeframe. We may see a Pullback from the Support Zone and
once the Index test the Resistance Area, BankNifty resumes its downtrend.
Note
Since Bank Nifty Took 41500 as Support, Resistance levels are Updated To 42860-43165 For this Week.Trade closed manually
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