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miraldesai

Banknifty Range play out going forward

Nifty Bank Index (NSE:BANKNIFTY)  
miraldesai  
NSE:BANKNIFTY   Nifty Bank Index
Supply and Demand Triangle Support and Resistance
8
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supplyanddemand triangle supportandresistance
Banknifty seems to be in Running trangle after Long trending move.
Consolidation can go on for few days or weeks before next upmove.

Upper range : 38300

Lower Range : 37100

Break of above levels only we can see further moves.

Below the gap support @ 37800 fall can accelerate.

All views for education purpose only

Regards,
MD.
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