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

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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