Bank Nifty Weekly Analysis for 21-11-22 to 25-11-22.
Bank Nifty Weekly Analysis for 21-11-22 to 25-11-22.
Both Indices Nifty & Bank Nifty are in Range Whole Week. Correction required for a healthy Upside movement.
As Bank Nifty is in Overbought Zone, we may see a correction this week. 42500-42700 is major Resistance for this week.
If Index trades below 41980, more Downside Possible. Targets are 41385/40839/39879.
39780-39880 is Important Support Zone and we may see Bank Nifty resumes it's Uptrend once the Index tests these Levels.
Both Indices Nifty & Bank Nifty are in Range Whole Week. Correction required for a healthy Upside movement.
As Bank Nifty is in Overbought Zone, we may see a correction this week. 42500-42700 is major Resistance for this week.
If Index trades below 41980, more Downside Possible. Targets are 41385/40839/39879.
39780-39880 is Important Support Zone and we may see Bank Nifty resumes it's Uptrend once the Index tests these Levels.
Trade closed manually
Just above the PRZ Zone
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