Get started
NMCapital

Banknifty weekly analysis

Nifty Bank Index (NSE:BANKNIFTY)  
NMCapital  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Technical Indicators BANKNIFTY bankniftytrend bankniftytradesetup bankniftyanalysis bankniftytrading bankniftyview bankniftyoptions bankniftylevels bankniftyintradaylevels
2
0
trendanalysis chartpattern indicator banknifty bankniftytrend bankniftytradesetup bankniftyanalysis bankniftytrading bankniftyview bankniftyoptions bankniftylevels bankniftyintradaylevels
After 2 weeks of weakness banknifty managed to bounce back last week and closed above 37000 mark.

Now 37700 is next resistance
Closing above 37700 will take banknifty to 39000.

On the flip side 36000 will act as a strong support. Closing below the level will attract selling pressure again.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.