BANKNIFTY TREND CHANNEL
BankNifty's View
For the coming week, Banknifty is expected to trade in a range of 36600 - 35100. Banknifty will remain range bound as long as it trades within the stated trend channel, indicating that the trend channel will act as a support and resistance for the coming week. Once the Banknifty begins to rise above give range than , it has the ability to reach 36700.
Levels to keep an eye on:
Zones of support: 35145, 34700, and 33414
Zone of Resistance : 36270, 36700, 37460
For the coming week, Banknifty is expected to trade in a range of 36600 - 35100. Banknifty will remain range bound as long as it trades within the stated trend channel, indicating that the trend channel will act as a support and resistance for the coming week. Once the Banknifty begins to rise above give range than , it has the ability to reach 36700.
Levels to keep an eye on:
Zones of support: 35145, 34700, and 33414
Zone of Resistance : 36270, 36700, 37460
Penafian
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