Bank Nifty Technical Analysis,Weekly Outlook

Monday, October 31 Leave a Comment

Last Week we gave Chopad Level 19750 Bank Nifty gave Long entry on Monday and did 1 target on upside, Long trades got stopped out in gapdown but the bank nifty made high at 19725 giving shorts entry opportunity , which were rewarded handsomely  as Bank Nify did 2 target on downside low made was 19252 and our target was 19250.  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 19750 will be laxman rekha for bulls and bears above it we will see 20000/20400. Unable to cross below it target 19300/19000.
Bank Nifty need a close above 19750


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