Bank Nifty - Analysis & Prediction - 21 to 25 Aug 2023
Bank Nifty Prediction for this Week:
Indian Markets are in Down trend however there will be small correction in BNF this week. Currently it is taking support at Daily 100 SMA line.
Next week Bank Nifty likely to test 44150 level before it falls again and there is high probability that Nifty might test 42500 mark very soon.
BULLISH trend can be expected only if Daily close above 44300
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Indian Markets are in Down trend however there will be small correction in BNF this week. Currently it is taking support at Daily 100 SMA line.
Next week Bank Nifty likely to test 44150 level before it falls again and there is high probability that Nifty might test 42500 mark very soon.
BULLISH trend can be expected only if Daily close above 44300
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
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