Bank Nifty Weekly Analysis for 13-02-23 to 17-02-23.
Bank Nifty Weekly Analysis for 13-02-23 to 17-02-23.
BankNifty is in a very narrow range of 600pts between 41200-41800 in the last week.
We can expect a major move only after breakout on either side.
If BankNifty Sustains above 42000, more Upside Possible And Targets are 42500/43000. Above 43000 the whole downtrend started in December becomes invalid
and Index may create new ATH.
If BankNifty trades below 41000, Downside Targets are 40700/39980. Below 39500 the present Downtrend Continues.
BankNifty is in a very narrow range of 600pts between 41200-41800 in the last week.
We can expect a major move only after breakout on either side.
If BankNifty Sustains above 42000, more Upside Possible And Targets are 42500/43000. Above 43000 the whole downtrend started in December becomes invalid
and Index may create new ATH.
If BankNifty trades below 41000, Downside Targets are 40700/39980. Below 39500 the present Downtrend Continues.
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