BANKNIFTY WEEKLY ANALYSIS (23/7/21)
Key takeaways:
-Bank Nifty formed a doji type candle in weekly chart and closed near the upper range of the candle with closing of price above 35000 on spot chart
-The price has converged like nifty between lower trendline and upper trendline
-35500-35800 is the nearest resistance for BNF
-BNF also touched down and took support from lower trendline of nifty
-Bank Nifty formed a doji type candle in weekly chart and closed near the upper range of the candle with closing of price above 35000 on spot chart
-The price has converged like nifty between lower trendline and upper trendline
-35500-35800 is the nearest resistance for BNF
-BNF also touched down and took support from lower trendline of nifty
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