BharatJhunjhunwala

Above 31880 levels may act as resistance, giving away supports

NSE:BANKNIFTY   NIFTY BANK
The index closed at a very important level. 30800 level may provide support to the index. The RSI is into neutral zone (a momentum weakness is eminent ) The MACD is below the zero line indicating weakness. Above 31880 levels may act as resistance, giving away supports below 30800 may push the banknifty to 30070, 29630 & 28950.
Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
http://www.prorsi.com

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