Bank Nifty Technical Analysis,Weekly Outlook

Sunday, October 23 Leave a Comment

Last Week we gave Chopad Level 19116 Bank Nifty gave Long entry which got stopped out, short entry on Monday and did 1 target on Downside, our target 19000 Low made 19002. Long triggered on Tuesday did all  on upside our final target 19750 High made 19744 as per chopad levels ,  Lets analyze how to trade bank nifty in coming  week.

Bank Nifty Hourly

bank-nifty-hourly
As discussed in last analysis Now for coming week 19116-19130 is important resistance zone, as support becoming resistance, unable to close above it we will break the low of 18824 and head towards 18500. Bullish only on close above 19320.
Low made 19002 and bounced back,
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