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koolshanin

Banknifty short term bearish possibility

Short
Nifty Bank Index (NSE:BANKNIFTY)  
koolshanin  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis priceaction
3
0
trendanalysis priceaction
Banknifty weekly meeting the median line and showing slight pause in trend with average range bar. CMP 28124 spot
Weekly support at 27652/27173
Daily has negative close with bearish engulfing.
Daily support at 27994.
Hourly close at 28107 broke out of trading range 28339-28214 any retest and rejection of 28214/28185 is a good short with target 27994/27957

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