Bank Nifty spot 55458.85 by Daily Chart view - Weekly updateBank Nifty spot 55458.85 by Daily Chart view - Weekly update
- Minor Gap Down of Tuesday 26th Aug got closure
- Resistance Zone 54975 to 55575 for Bank Nifty Index
- Updated Support Zone 53775 to 54450 for Bank Nifty
- Rising Support Channel seems back in positive action mode
- Resistance Zone seems holding ground and Bank Nifty yet to make a breakout from here
Marketindex
Nifty 50 spot 25327.05 by Daily Chart view - Weekly updateNifty 50 spot 25327.05 by Daily Chart view - Weekly update
- Rising Support Channel sustained a positive supportive role
- Bullish "W" Double Bottom uptrend momentum yet on strong ground
- Falling Resistance Trendline active and Resistance Channel Breakout sustained
- Updated Resistance Zone 25430 to 25670 for Nifty Index based on current week momentum
- Updated Support Zone at 24875 to 25135 for the Nifty Index gained strength by weekly closure above 25000