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a_malasi

#BANKNIFTY view for this Week

Long
Nifty Bank Index (NSE:BANKNIFTY)  
a_malasi Updated   
NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Supply and Demand Trend Lines
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supportandresistance supplyanddemand trendline
#BANKNIFTY view for this week - Look for Opportunities to go LONG.
Details mentioned on chart.
Comment:
#BANKNIFTY since this post BANKNIFTY made a new high. We may face resistance near by. Hence important to observe the price movement in coming days.
32845-32604 is immediate resistance zone. Needs to sustain above these levels for further upmove.
31983-31905, 31660, 31510 is immediate support zones. Sustaining below this level will lead to profit booking. On downside refer the levels shared in chart.

#PVTBANKS be cautious on Private Banks. We may witness some profit booking.
Comment:
#BANKNIFTY on Friday session tried to cross 30710-30930 but failed and closed below this zone. On downside has supports at 29715-29625, 29030-28840, 28390-28290 levels. Price needs to be observed around these zones.
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