Banknifty weekly analysis
Banknifty weekly chart
On the weekly time frame banknifty is looking stronger than nifty
39500 will act as a strong resistance and profit booking near resistance is possible
Strong up trend support is placed at 36000 a healthy retracement will this support zone will give a chance to create fresh long position
2 consecutive day closing above 39500 will reject down side move and next target can be 42000 on weekly basis
On the weekly time frame banknifty is looking stronger than nifty
39500 will act as a strong resistance and profit booking near resistance is possible
Strong up trend support is placed at 36000 a healthy retracement will this support zone will give a chance to create fresh long position
2 consecutive day closing above 39500 will reject down side move and next target can be 42000 on weekly basis
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