Wealthcam

Is BANKNIFTY retesting the trenline..?

NSE:BANKNIFTY   Nifty Bank Index
As we analysed in the previous analysis that BANKNIFTY is yet to decide the trendline and the bullrun will only be confirrmed if BANKNIFTY sustains itself above 41000 mark which is both an important resistance and a psychological level but we saw BANK failed to sustain above the psychological level and fell in last hours after being sideways, we can not yet expect BANKNIFTY to fall further as we might see BANKNIFTY taking support at the trendline before continuing its upmove which is the only hope for bulls as of now

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