Banknifty - Prediction & Weekly Analysis for - 22 May 2023
Bank Nifty Analysis for Coming Week:
Trend - BULLISH
Bank Nifty trading inside the descending channel. Before going further upside 43700 Support zone will get tested.
Crucial Support Levels are : 43750 / 43535 on the lower side where BUY entry can be initiated.
Resistance levels are - 44100 / 44600
If BNf closes above the Upper channel, 44500 / 44600 will be the Target for this Week.
SELL entry only if Closes below 43450 level.
Trend - BULLISH
Bank Nifty trading inside the descending channel. Before going further upside 43700 Support zone will get tested.
Crucial Support Levels are : 43750 / 43535 on the lower side where BUY entry can be initiated.
Resistance levels are - 44100 / 44600
If BNf closes above the Upper channel, 44500 / 44600 will be the Target for this Week.
SELL entry only if Closes below 43450 level.
