The Bank Nifty is rallying in full swing. But still, force is not such great.
But now many indicators are showing Bank Index is trading in a resistance zone. That bull should count.
From Bank Nifty Gann analysis perspective, the 24900-24100 range, is crucial for Bank Nifty bulls. And for the further substantial rise, they need the close above it.
On the downside, 23500-23400 is the support area. Below, its market can slide towards 23200/22800 and more as well.
The chances for downside seems high. But rather than making.
Assumptions or guess, let the price show weakness and monitor Price action to receive hints. And then take trade with minimum stop loss.
I’ve done the groundwork. Now you have to see how you can take advantage.-Divesh
Note: Above mention Price projection & other Information is for educational purpose only.