Wealthcam

BANKNIFTY in range before deciding the trend..

NSE:BANKNIFTY   Nifty Bank Index
As we can see BANKNIFTY despite being in uptrend we can see BANKNIFTY trapped in a range, as we analysed yesterday BANKNIFTY was taking support at the neckline of the inverted head and shoulders pattern and after a successful gap up opening, we saw BANKNIFTY taking support at the neckline but went sideways throughout the way! we can expect banknifty to remain in the range from 42900 to 43500 before finally deciding the upcoming trend

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