The Bank Nifty ended last week with a 370-point gain. In the coming week, the Bank Index is approaching the critical fixed-time cycle period.
After making the low in August 2019, the Bank Index has shown a tremendous rise, and still, it is looking better to buy on dips, as larger time frames suggest.
Bank Nifty Weekly Trading View
In the coming days, Bank Nifty bulls need to trade above 31550 to continue the upside journey.
On the lower end, the 31980 is the Support to watch, below that we can see a dip towards 31800/31600 levels.
In the forthcoming week, 23rd & 26th Dec are the critical dates.
Bank Nifty Weekly Trading Levels
Next week, 32475 will act as Resistance above, which moves towards 32600/32800/33300 can be seen.
While Support is likely to come at 32200, below that move towards 32075/31875/31375 can be seen.
Note: The above-mentioned Price projection & other Information are for educational purposes only.
