ViVenTraders

Banknifty - Prediction & Weekly Analysis for - 22 May 2023

Long
NSE:BANKNIFTY   NIFTY Bank Index
Bank Nifty Analysis for Coming Week:

Trend - BULLISH

Bank Nifty trading inside the descending channel. Before going further upside 43700 Support zone will get tested.

Crucial Support Levels are : 43750 / 43535 on the lower side where BUY entry can be initiated.

Resistance levels are - 44100 / 44600

If BNf closes above the Upper channel, 44500 / 44600 will be the Target for this Week.

SELL entry only if Closes below 43450 level.

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