Bank Nifty could continue its upward journey as long as 41100 supports remain intact.
Resistance line has been coloured Red while supports are green ones.
See the chart for more details.
Nifty has made the solid base in the last couple of day's.
Now the strong support lies around at 18250/18200, if this remain intact nifty could break the resistance of 18323/18385 today.
Resistance lines has been coloured Red while Support is green ones.
See the chart it has given breakout and now poised to touch the upper line of parallel channel.
Support which should be intact for 44K target lies at 41039 , 40593 are coloured green on the chart.
Resistance will be daily Previous highs .
If it unable to stay above 17950 then bear may make a strong grip so staying above 18K would be good for bull to stay in the game.
Support and resistance has been coloured green and red respectively on the chart.
Technical view :
Bank Nifty has made Doji on daily chart which could be a sign of reversal , so if it unable to hold the previous day's low then it may make a low of 38900.
Also if it able to break the Previous days high of 39775 , then it may make an all time high of 40000.
Comments :
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