WEEKLY RESISTANCE FOR
BANKNIFTY :28500,28650,28800
PIVOT
POINT: 28000
WEEKLY
SUPPORT FOR BANKNIFTY: 27900,27800,27600
WEEKLY CHART FOR BANKNIFTY
The Nifty
Bank index started the week with a gap up opening and continued its positive
momentum to end the session with gains of about three-fourths of a percent at
27960.On Tuesday The Nifty Bank index traded in a narrow range of 160 points
throughout the session and ended the day with a negligible loss at 27947. Wednesday’s
trading session, the Nifty Bank index opened on a positive note and rallied
higher to cross the 28000 mark for the first time ever. The index continued the
positive momentum led by some of the index heavyweights and ended the session
with gains of 0.67% over its previous day's close at 28127. On Thursday Nifty
Bank index opened gap up and continued the positive momentum throughout the
session. The index ended the session with gains of almost a percent over its
previous day's close at 28351.on Friday nifty bank index opened the session at
28342 made a high of 28380 and low of 28150 & finally closed the week at
28154 down by 197 points.