Bank Nifty spot 55,341.85 by the Daily Chart view - Weekly update
- Fairly decent Support Zone 54160 to 54660 for Bank Nifty Index
- Current Resistance Zone 55050 to 55450 for Bank Nifty Index, earlier Support Zone
- Falling Resistance Trendline is yet a hurdle to cross over along with the current Resistance Zone
- Rising Support Channel seems back in supportive role and gives indicative feeling of probable upside reversal, so hope for the best to happen
- Bank Nifty Index thou has formed a Bearish Rounding Top, is sustaining closure around the Resistance Zone over the past 2 weeks indicates consolidation and hope to see upside reversal
- Fairly decent Support Zone 54160 to 54660 for Bank Nifty Index
- Current Resistance Zone 55050 to 55450 for Bank Nifty Index, earlier Support Zone
- Falling Resistance Trendline is yet a hurdle to cross over along with the current Resistance Zone
- Rising Support Channel seems back in supportive role and gives indicative feeling of probable upside reversal, so hope for the best to happen
- Bank Nifty Index thou has formed a Bearish Rounding Top, is sustaining closure around the Resistance Zone over the past 2 weeks indicates consolidation and hope to see upside reversal
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