Nifty Bank Weekly chart
Nifty Bank Weekly chart
1) Chart attached in media
2) This is at major trendline support
3) Major demand zone on long term charts is 55700-56000
4) Expecting good retracement at current levels
5) Bounce back can take Bank nifty to a level of 56500 and possibly than at 56800.
6) Banking sector is still positive on weekly chart
7) RSI at 59 - still positive for the index
8) Stock to keep on radar - ICICIBANK
9) RSI indicates positive sentiments in the sector
Thank you,
Technofunda24
#TechnicalViews#WatchOutFor

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