Nifty Bank IndexShort
Bank Nifty Weekly Analysis for 12-12-22 to 16-12-22.
Updated
Bank Nifty Weekly Analysis for 12-12-22 to 16-12-22.
Bank Nifty is in a channel since October. From the last 3 sessions, Index is testing the downside of the channel.
If Bank Nifty breaks the channel on Downside, We may see more Fall.
If Index trades below 43350, our immediate target on downside is 43000/42900.
We may see more downside below 42900 and targets are 42498/42350.
If Bank Nifty Sustains above 43900, Index may test the mid line(dotted) of the channel and Targets on upside are 44217/44500.
Bank Nifty is in a channel since October. From the last 3 sessions, Index is testing the downside of the channel.
If Bank Nifty breaks the channel on Downside, We may see more Fall.
If Index trades below 43350, our immediate target on downside is 43000/42900.
We may see more downside below 42900 and targets are 42498/42350.
If Bank Nifty Sustains above 43900, Index may test the mid line(dotted) of the channel and Targets on upside are 44217/44500.
Trade closed: target reached
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