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ipuneet

BankNifty - weakemed a bit, 31840 should hold for the bulls.

Short
Nifty Bank Index (NSE:BANKNIFTY)  
ipuneet  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Technical Indicators BANK niftybank
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trendanalysis chartpattern indicator bank niftybank
There was a much awaited dip, Index took a support near 8 DEMA and closed above.
ADX has flatned a bit, DI+ and DI- are indicating weakness.
RSI too has declined a bit, it is below 9EMA now.
31840, 31560 are supports, and 32350, 32450 and 32680 are resistance levels.
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