Bank Nifty Weekly Analysis and Intraday Level for 13th Mar
Banknifty also looks still BEARISH, it is likely to trade between 39994 - 41324 this week (13th to 17th Mar). There is a strong support level 40212 zone where reversal can be expected and If sustains above 40759 / 40833 we can expect 41200 will be tested. Any close below 40212 will leads to 39994 and lower levels.
My view is 40220 is the reversal point for uptrend to test 41200.
Banknifty also looks still BEARISH, it is likely to trade between 39994 - 41324 this week (13th to 17th Mar). There is a strong support level 40212 zone where reversal can be expected and If sustains above 40759 / 40833 we can expect 41200 will be tested. Any close below 40212 will leads to 39994 and lower levels.
My view is 40220 is the reversal point for uptrend to test 41200.
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