NMCapital

Banknifty weekly analysis

NSE:BANKNIFTY   NIFTY BANK
After giving breakout last week banknifty is managed to closed on a good note.
and now heading towards 40000.

One day closing above 38160 till take Banknifty to 38770, 38950.
One day closing below 37150 will take Banknifty to 36950, 36550, 36290

As we can see INDIA VIX is rising so chances of a dip is very high.
This dip is possible before 1st week of October.

Keep above level in mind for coming week.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.