Bank Nifty near trendline support,EOD Analysis

• Bank Nifty after forming multiple tops in range of 17940-17954  respecting our Weekly Chopad level of 17950 after giving breakout above 17850 failed to move above Friday high of 17947 and today closed below the breakout area of 17850 but bounced from trendline support. Bank Nifty took support @ the rising trendline as shown in below chart and closed above the demand area 17652. Friday we can see a breakout/breakdown move so trade cautiously.  Above 17850 Bank nifty can move towards 17950/ 18050/18144 and below 17650 back to 17434/17368 . Happy Saraswati/ Ayudha Puja
  

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