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BankNifty, Technical Outlook

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Technical Indicators BANKNIFTY niftybank bankniftytrend banking bankingsector indicatorstrategy Moving Averages
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trendanalysis chartpattern indicator banknifty niftybank bankniftytrend banking bankingsector indicatorstrategy movingaverage
Today we have a bullish Hammer Candle.
Breakout of the STMA band and separation in the LTMA Band indicates an up-move.
The price could test the levels of 49,488.
For support 48,315 is important.

Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

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