RBI's Policy impacts on Bank Nifty,Weekly Analysis

Last Week we gave Chopad Level 19000 Bank Nifty gave Short entry on Monday and did 3 target on Downside by Monday thus rewarding discipline chopad followers handsomely. Lets analyze how to trade bank nifty in coming  week as RBI increased CRR rate by 100 BPS

Bank Nifty Hourly

As discussed in last analysis  For coming week bulls need an hourly close above 19000 for move towards 19500 unable to do so fall till 18750/18500.

18500 done and now for coming week Bulls

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