Nifty Bank Index

Banknifty no major weakness yet..

250
Banknifty moving up in upward channel..

Banking,finance, IT and metal sector still not participated in rally..
So still some steam is there for upmove.

Important level is 51030 acting as support

upside channel resistance near 52000

some profit booking near the channel resistance possible.

I will look for buying opportunity near key levels and channel support.

Disclaimer : I am NOT SEBI REGISTERED. study is only for educational purpose and views given based on elliott wave and chart pattern study .
Nota
banknifty made high near resistance zone and channel top as expected ..
made high till now near 52285

still 3rd wave in progress and than 4th down will be taken as buying opportunity only..

no major weakness till now.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.