Bank Nifty Intraday Outlook
Pattern: Falling Downward channel formation
Crucial Support Zones: 37500-37110-36875
Crucial Resistance Zones: 38000-38280-38400
Comments: Banking moves in lower high – lower low formation on daily chart, contributed by weakness in major private banks such as Axis bank, ICICI Bank, Bandhan bank, RBL Bank, and etc.
Nifty Intraday Outlook
Pattern: Bearish Head and Shoulder formation (daily chart)
Crucial Support Zones: 17650-17575-17500
Crucial Resistance Zones: 17825-17910-17990
Comments: The short term trend looks sideways to weak in Nifty benchmark index amid weaker global cues. Any attempt of upside bounce from here could find resistance around mentioned levels.
Pivot Levels
Daily market statistics
Daily market statistics
Disclaimer
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