Bank Nifty analysis 10/29
As Global markets are mixed and Markets are likely to consolidate due to heavy selling on expiry.
Market may move in sideways range even though there is positive sign from SGX nifty cant expect a heavy buying today.
All Banks are in bear trend and yet didn't break the resistance trend line so can expect selling.
Range - 39100~~39700
Resistance 2(R2) - 39900
Resistance 1(R1)- 39700
Support 1(S1) - 39300
Support 2(S2) -38800
Market may move in sideways range even though there is positive sign from SGX nifty cant expect a heavy buying today.
All Banks are in bear trend and yet didn't break the resistance trend line so can expect selling.
Range - 39100~~39700
Resistance 2(R2) - 39900
Resistance 1(R1)- 39700
Support 1(S1) - 39300
Support 2(S2) -38800
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