BANK NIFTY STUDY FOR THE WEEK
Bank nifty last week we inform for up move above 10900 levels and it able to make till 11210 level near to 2nd resistance level we mention.
With the current chart development in bank nifty, we can see that it has made “EVENING STAR” pattern on upper side, and that’s why it given fall in last two session, but as per the trend line suggestion it unable to move below support level yet.
So with the current chart patterns we can see support in bank nifty at 10500 level now, if it able to break 10500 then down side can look for 10300-9800 also.
But if it able to sustain this level of 10500 and if able to move above 10750-800 range then only we can look for upper levels till 10950-11200 level.
Key levels to watch out are 11250 upper sides for some major moves and 10300 at down side for falling move. Till the time market in this range on can trade on supports and resistance level with small stop losses.