Bank Nifty - This Week
My View of BNF. I see BNF to struggle and find its way till 25100-25200 this week, the momentum is bullish till 24150 support is broken and I see a trend line resistance and support that is being followed from May and October respectively. Another perspective is BNF is forming a rising wedge pattern to enter the channel that is formed from June, not so very strong pattern isn't :) BNF will enter a super duper bull territory after it is crossing 28th Aug high and that is 25225 - 25250. Here is the chart for now.
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