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BANKNIFTY Weekly Analysis 29 Mar - 04 Apr

NSE:BANKNIFTY   NIFTY BANK
Dotted Dark Blue Line - CPR
Dotted Light Blue Line - CPR of Previous Timeframe
Dotted Pink Line - H1,H2
Dotted Brown Line - L1,L2
Black Line - R1,R2(Standard Floor Pivots )
Green Line - S1,S2
Pink line - H3,H4,H5
Brown line - L3,L4,L5

Pivot width's wider than previous week's. -> Ranging market

More likely to oscillate between H3 and L3, though the uptrend may continue.
Buy the dips near CPR unless it is breached.

I will not be posting any more daily index analysis, only monthly and weekly.

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