BANKNIFTY WEEKLY UPDATE
SUMMARY
*double bottom pattern in a 2-hour chart
*inside a ascending triangle pattern on hourly chart
*banknifty not interested to buy unless sustains above 34250
*yes today banknifty and nifty will close the gap-down price today
*if banknifty moves above 34200 we will see another 1000 point rally
*so wait patiently no need to rush
*wait and watch approach for both index
BANKNITY RESISTANCE LEVEL
34250-34440-34830
BANKNITY SUPPORT
33700-33580-33200
*double bottom pattern in a 2-hour chart
*inside a ascending triangle pattern on hourly chart
*banknifty not interested to buy unless sustains above 34250
*yes today banknifty and nifty will close the gap-down price today
*if banknifty moves above 34200 we will see another 1000 point rally
*so wait patiently no need to rush
*wait and watch approach for both index
BANKNITY RESISTANCE LEVEL
34250-34440-34830
BANKNITY SUPPORT
33700-33580-33200
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