Nifty Bank IndexUpdated Bank Nifty Weekly Analysis for 31-10-22 to 4-11-22.
Bank Nifty Weekly Analysis for 31-10-22 to 4-11-22.
This Week Analysis is almost same as last week. Bank Nifty tested Resistance at the PRZ area and showed some Reversal.
41540-41840 is major Resistance Zone for this Week. If Index Reverses from this Zone, Downside Targets are 40640/39980/39608.
If index sustains above 42000, we may see a short covering rally with new All Time Highs(ATH).
This Week Analysis is almost same as last week. Bank Nifty tested Resistance at the PRZ area and showed some Reversal.
41540-41840 is major Resistance Zone for this Week. If Index Reverses from this Zone, Downside Targets are 40640/39980/39608.
If index sustains above 42000, we may see a short covering rally with new All Time Highs(ATH).
Trade closed manually
Index Consolidated at the Resistance Zone whole week.
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.