Nifty Bank Index
Updated

BANKNIFTY day chart study

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BANKNIFTY day chart study.

Based on the observation 25000 level is going to be very important in coming days. Failing to hold 25000 could result in a sharp correction.

Note
BankNifty weekly chart analysis:

BANKNIFTY weekly chart study|Shivaratri special trishul analysis
Note
Today BankNifty took support exactly at the broadening wedge bottom. (Zoom in to view)
Note
Support broken! Still we will wait for a confirmation of a breakdown below 25000

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