Momentum in Bank Nifty? Check Bank Nifty simple analysisTodays gap up opening gave hint of momentum and later or bank nifty proved with bullish momentum after 2 hours of bearish flow.
45600 is still a acting as major support for buyers holding it from falling. Also pushed Bank nifty to safer zone but still unable to beat 46000 resistance.
Post Analysis
Arc shape recovery in BN gives a clear hint of bullishness in bank nifty but still tomorrow opening will be deciding factor for confirmation. To be strong on bullish side still 46000 need to beat b
Conditions
Bank Nifty Strong move!!
As per trend analysis Bank nifty has seen bounce earlier in March'23 and November'23 it works as powerfull support given big moves in longer time.
Also trend also comfirms that buyers are still intact to make bounce in addtion to that we can see a wick reversal pattern is also seen on daily time frame.
Which also confirms buyer strength and also bank nifty has hold tightly on 25th Jan'24. which can lead a goods movement day keeps eyes on opening of Bank Nifty.
On Smaller time frame bu

