Banknifty Analysis

Banknifty has been trading in Falling Channel from the last 109 bars on Daily time frame,in the last few days we saw bullish momentum in price and closing on friday gave more strength to bulls. Further view according to price action is, if the index manages to give breakout above this falling channel then we can see Banknifty to touch 39000-41000. On the downside price might face resistance near the upper line of the channel and if possible reversal happens from there then 35000-34000 can hold the downsides.


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