Nifty Bank IndexUpdated BANKNIFTY - WAIT FOR CLEAR DIRECTIONS
FROM THE 27000 LEVELS, BANK NIFTY IS TAKING SUPPORT OF THE TENKAN SEN LINE.
DOWNSIDE DIRECTION CONDITIONS-
THE SUPPORT IS AT 29893. BREACHING OF THIS LEVEL WILL TAKE BANKNIFTY TO 29158 (23% FIB. LVL) OR 28400 (38% FIB. LVL).
UPSIDE DIRECTION CONDITIONS-
IF IT TAKES SUPPORT OF THE TREND LINE, WHICH IS INCLINED, WILL GIVE NEW LEVELS.
DOWNSIDE DIRECTION CONDITIONS-
THE SUPPORT IS AT 29893. BREACHING OF THIS LEVEL WILL TAKE BANKNIFTY TO 29158 (23% FIB. LVL) OR 28400 (38% FIB. LVL).
UPSIDE DIRECTION CONDITIONS-
IF IT TAKES SUPPORT OF THE TREND LINE, WHICH IS INCLINED, WILL GIVE NEW LEVELS.
Note
SUPPORT IS BREACHED AND CLOSES AT 29845. 29158 IS EXPECTED.Note
TODAY LOW 29768.
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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.