Bank Nifty on a daily chart is looking very weak and may test 100 DEMA which is placed at 37335. The very interesting thing about this chart is that, the TendLine support is also placed at 100 DEMA.
Bank Nifty closed today at 37976 after ups and downs in the entire day. Market is looking very unsure and volatility is increasing every day. In order to gain the strength, Bank Nifty should regain 38000 otherwise the weakness will continue to grip this benchmark index.
Important Levels ---------------------- Upside: 37900-38000