BANK NIFTY – KEY PLAYER FOR NEXT WEEK IN INDIAN STOCK MARKET TEAM???
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BANK NIFTY STUDY – overall last we give a range of 11250-11800 and bank nifty traded in this range exactly. Now if we can see bank nifty chart, it has created convergence and divergence signal couple of time in past and give a big movement after a confirmation. If we look at the current chart of bank nifty we can see that there is a “CONVERGENCE” on chart, and if this convergence is confirm by up move then we can see upside breakout and if not able to confirm it and reverse from here then we can see fall.
Overall chart indicating bank nifty having 11800-12050 immediate resistance level, and support at 11350-11000 level, if it able to give positive close on Monday then it will try to reach till resistance level above 12050 we can see some breakout moves which can show us upside levels till 12500-13050