Bank Nifty spot 50593.55 by the Daily Chart view - Weekly update
- 1st Bullish "W" Double Bottom completed at the Lower Support Zone Index Band is maintained
- 2nd Bullish "W" Double Bottom too has been completed with minor flip dip below Lower Support Zone
- Earlier Resistance Zone 49950 to 50275 Index level is now anticipated to act as a sustained Support Zone
- Lower level Support Zone 47850 to 48075 Index Band has been sustained with minor one flip dips below it
- Rising Support Trendline is seen to be well respected with minor flip dips below it in Jan 2025 and March 2025
- 1st Bullish "W" Double Bottom completed at the Lower Support Zone Index Band is maintained
- 2nd Bullish "W" Double Bottom too has been completed with minor flip dip below Lower Support Zone
- Earlier Resistance Zone 49950 to 50275 Index level is now anticipated to act as a sustained Support Zone
- Lower level Support Zone 47850 to 48075 Index Band has been sustained with minor one flip dips below it
- Rising Support Trendline is seen to be well respected with minor flip dips below it in Jan 2025 and March 2025
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