padiyara

BANKNIFTY: 23376 Above 23430 Resistance 23492_23520 & 23610

NSE:BANKNIFTY   NIFTY BANK
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Holding 22977 BN this week can go to 23777 or even 24130

Below 23320 today’s Supports are 23230_ 23140 & 23080

Weekly above 22444 Bank Nifty’ Resistance will be 22520_23666 & 23777
Weekly below 23300 Bank Nifty’ Supports will be 23230_23086 & 22980

Monthly above 22635 BN Resistances will be 23765_23871 _23976
Monthly BN Supports 23300.
Comment: please notify the typo correction..
Weekly above 23444 Bank Nifty’ Resistance will be 23520_23666 & 23777
Comment: 23495
Comment: BN trading along the mid channel. 23300 will be a strong support.
Comment: 23660 weekly 2nd resistance achieved ,and came down to 23520.

Comments

Hi GM, what's Ur views on BN ahead of RBI policy. Any trading range for the day in scenario whether market likes it or not.
Reply
padiyara Marketpassioner
@Marketpassioner,
the Inflation is running below forecasts, and the economy hasslowed more than the expected range.
The Central bank likely to strike a less agrresive effect, may leave the
interest rates unchanged at a policy meeting today, 10 am. BANK NIFTY may hake a little 22980 strong support level.
that is what i updated today 23300 support..... means on break of that the weekly down move will start.
Reply
padiyara padiyara
@padiyara, read *SHAKE A little
Reply
Hi
I think bit typo.... weekly above 23444 instead of 22444 BN resistance will be 23520 instead 22520.
Pls correct me if I am wrong.
Reply
padiyara Marketpassioner
@Marketpassioner, Exactly, thank you for correcting the same.

Weekly above 23444 Bank Nifty’ Resistance will be 23520_23666 & 23777
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