Bank Nifty Trading in a narrow range in coming few days we can expect a breakout/breakdown. BNF is at a Important Support Level including 200 EMA Support as well, if it breaks we can expect a sharp down-move after a retest at the support levels.
If the Nifty Sustains above this trend line we can again witness a upmove from these levels in this week itself, this will act as a strong support.
Strong Intraday Support- 43800-43850 Look out for this support level, it sustains the support level the above given targets can be seen. Tgt 1- 44050 Tgt 2- 44230 Tgt 3- 44450 If Broken on downside: Tgt 1- 43663 Tgt 2- 43409 #banknifty #nifty #intraday
Bank Nifty is Showing a Bullish Divergence at a 15Min Time Frame, a possible up trend continuation can be seen once it crosses the above resistance.
Once the 18k Level is taken out strongly we can clearly see a strong upside movement in the coming short-term, as there is a trend line that is working as resistance now will also be taken out once the given level is taken out.