Get started
Retailer_ki_dost

Banknifty Weekly Ananysis : Possible moves w.r.t Nifty

Nifty Bank Index (NSE:BANKNIFTY)  
Retailer_ki_dost  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Support and Resistance Supply and Demand BANKNIFTY bankniftytrend bankniftyview NIFTY nifty50 niftyanalysis
4
0
trendanalysis supportandresistance supplyanddemand banknifty bankniftytrend bankniftyview nifty nifty50 niftyanalysis
Banknifty is outperforming since 25 Sep 20.
In last trading session it closed slightly above 200 dma.

Looking at the PSU sector, It may also outperform in coming days.

Considering these facts, Banknifty is looking good. 25100 swing high will be the first target.

Slightly it may retrace from 24100 level (due to nifty's 12000-12050 level) but overall banknifty is positive.
23000 is good support

Related Ideas

Retailer_ki_dost
Banknifty is looking good to go long for swing
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.