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Sunandamedi

BANKNIFTY - WAIT FOR CLEAR DIRECTIONS

Nifty Bank Index (NSE:BANKNIFTY)  
Sunandamedi Updated   
NSE:BANKNIFTY   Nifty Bank Index
Technical Indicators Chart Patterns
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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.

Comment:
SUPPORT IS BREACHED AND CLOSES AT 29845. 29158 IS EXPECTED.
Comment:
TODAY LOW 29768.
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