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WEEKLY RESISTANCE FOR BANKNIFTY: 25992, 26140, 26365, 26625
DAILY RESISTANCE FOR BANKNIFTY: 26371, 26436, 26502,26672
Stop-long positions at 25,400. Stop-short
positions at 26,290.
WEEKLY RESISTANCE FOR BANKNIFTY: 25992, 26140, 26365, 26625
PIVOT
POINT: 25845
WEEKLY
SUPPORT FOR BANKNIFTY : 25620,25472,25325,24805
DAILY RESISTANCE FOR BANKNIFTY: 26371, 26436, 26502,26672
PIVOT
POINT: 26161
DAILY
SUPPORT FOR BANKNIFTY : 26095, 26030, 25820,25649
DAILY
CHART FOR BANKNIFTY
Stop-long positions at 25,400. Stop-short
positions at 26,290.
Bank Nifty opened the week at 25952 made a high of 26292, low of 25550
and closed the week at 26240 . Thus it closed the week with a gain of 320 points. As the bank nifty is managing to trade above its
22 and 55&200 days moving averages with the RSI of 60, above 26290 one may expect the targets of 26500/26650/26700/26800
in the bank nifty if it manages to sustain above the immediate support level of
26000/25780/25500.
And resistance level for bank nifty are 26290,26470 ,26550.