Bank nifty - Facing resistance around 30330-60
Bank nifty has formed triple top on 30m chart which is a bearish sign.
If Bank nifty opens gap up on 9th December, it is highly likely that the resistance will break and the uptrend will contnie.
If it opens gap down or flat, 30200 will act as a support, if bank nifty manages to bounce back from 30200 it may break resistance level on 4th attempt.
If 30200 is broken, BNF may test 32000 level.
If Bank nifty opens gap up on 9th December, it is highly likely that the resistance will break and the uptrend will contnie.
If it opens gap down or flat, 30200 will act as a support, if bank nifty manages to bounce back from 30200 it may break resistance level on 4th attempt.
If 30200 is broken, BNF may test 32000 level.
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