hemantonline0017

BANK NIFTY views and level to watch

hemantonline0017 Updated   
NSE:BANKNIFTY   Nifty Bank Index


Observation about Nifty Bank

After a major gap down on 17th Jan, it is facing rejection from the same level again on 23rd Jan and 2nd Feb whereas it is taking support of trend line again bounced from that level

Bank nifty making HH formation taking support of same trend line and bounced from the same zone to major resistance of 46500 to 46800

Break out resistance trend line leads good up move and an open gate for retesting the ATH level again

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Decisively broke out
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