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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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.
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.