vishal3447

BankNifty possible move

NSE:BANKNIFTY   NIFTY BANK
Bank Nifty is in consolidation phase since 24th May on Daily time frame, trading above weekly R1 and succeed to sustain above weekly R1 for near about one and half week, also the low of WRC which breaked the weekly R1 is protected, if it crosses the 36500 level in up direction with good WRC the possible Trgt is of 37700 which is also a big round number. If it will not succeed to do so, and breaks the level of 35300 in down side then it may go upto the level of 34800 and 34120 respectively.
NOTE:-
This view is published only for educational purpose and not for trading as I am not a SEBI register Analyst. Before taking any trade please consult your financial advisor

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