Bank Nifty Weekly Forecast

Last Week we gave Bank Nifty Trend Deciding level as 12922 ,stopped out on upside  and achieved 2 downside targets. RBI governor has given hint Inflation is still high, cutting hope of rate cut putting pressure on Bank Nifty further.  So lets discuss how to trade Bank Nifty in coming week as its an expiry week.

Bank Nifty Hourly

Bank Nifty is trading near an important support of 12450, took resistance at the falling trendline closed below its 200 HSMA@ 12777.Break of 12450 can lead to fast fall till 12261.

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