BankNifty' is trading at a channel resistance with indicators over bought, doesn’t show any weakness, same way MACD also looks very bullish , expecting a target 26366 this week, where as, if the boarder market is bearish due to external reasons BN will have support at 25395.
BankNifty': 25651 Day Pivot: 25580
Above 25759 today’s Resistances are 25826 25934 26042 26109
Below 25543 today’s Supports are 25476 25368 25259 25193
Weekly Pivot: 25385
Weekly above 25848 BankNifty’ Resist: will be 25971 26168 26366 26488
Weekly below 25453 BankNifty’ Supports will be 25331 25133 24935 24813
Monthly Pivot: 24706
Monthly above 25353 BankNifty’ Resist: will be 25560 25894 26228 26434
Monthly below 24685 BankNifty’ Supports will be 24479 24145 23811 23605
BankNifty': 25651 Day Pivot: 25580
Above 25759 today’s Resistances are 25826 25934 26042 26109
Below 25543 today’s Supports are 25476 25368 25259 25193
Weekly Pivot: 25385
Weekly above 25848 BankNifty’ Resist: will be 25971 26168 26366 26488
Weekly below 25453 BankNifty’ Supports will be 25331 25133 24935 24813
Monthly Pivot: 24706
Monthly above 25353 BankNifty’ Resist: will be 25560 25894 26228 26434
Monthly below 24685 BankNifty’ Supports will be 24479 24145 23811 23605
not only for the week but for short term period I hope it will support BN,
and I strongly believe that we are heading towards 26000 sure.
Just don't believe me,my reasoning is in the chart. please watch the Blue arrows
showing an RSI support in hourly chart.