Bank Nifty Futures
Support: 34555
Resistance: 35200
Bank Nifty is clearly range bound. It tested the upper and the lower levels today and closed with a bullish reversal (check the round highlights) on the candle as well as RSI. Even the volume is quite prominent at the end.
All the dots match to indicate that we may see an upmove this week.
35200 is a very strong resistance and can be treated as a breakout level.
Support: 34555
Resistance: 35200
Bank Nifty is clearly range bound. It tested the upper and the lower levels today and closed with a bullish reversal (check the round highlights) on the candle as well as RSI. Even the volume is quite prominent at the end.
All the dots match to indicate that we may see an upmove this week.
35200 is a very strong resistance and can be treated as a breakout level.
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