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BankNifty Ready for Upswing

Long
Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis BANKNIFTY niftybank niftybankanalysis
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trendanalysis banknifty niftybank niftybankanalysis
38500 is the make or break level for BankNifty this week.
We should form a base at 38500 this week to continue the rally above.
HDFC Bank has posted stellar numbers and market will look this as a positive sign
for Indian Banking Industry.

Important level for Jan 17
Base: 38500
Sell if its Break Below: 37300
Buy above 38550: For a target of 38800.
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