Bank Nifty Weekly Analysis for 06-03-23 to 10-03-23.
Bank Nifty Weekly Analysis for 06-03-23 to 10-03-23.
BankNifty has given a Pullback as expected in last week's Analysis.
41780-41980 is the Major Resistance For This Week.
40500-40680 is the Support for this week.
The 3 Possibilities this Week are.
1. BankNifty Created a Double Bottom in Both Daily & Weekly Timeframe.
If BankNifty Sustains above 42000, We can say the complete Daily Downtrend is Invalid
& more Upside Possible And Targets are 42700/43580.
2. On Monday If BankNifty Tests Resistance Area and Reverses, Downside Targets are 40980/40500.
3. If BankNifty Breaks the Support Area, Targets are 40080/39600. Below 39500 Index Resumes
its Current Trend(Downtrend) and we can Expect more Fall.
BankNifty has given a Pullback as expected in last week's Analysis.
41780-41980 is the Major Resistance For This Week.
40500-40680 is the Support for this week.
The 3 Possibilities this Week are.
1. BankNifty Created a Double Bottom in Both Daily & Weekly Timeframe.
If BankNifty Sustains above 42000, We can say the complete Daily Downtrend is Invalid
& more Upside Possible And Targets are 42700/43580.
2. On Monday If BankNifty Tests Resistance Area and Reverses, Downside Targets are 40980/40500.
3. If BankNifty Breaks the Support Area, Targets are 40080/39600. Below 39500 Index Resumes
its Current Trend(Downtrend) and we can Expect more Fall.
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