BANKNIFTY FEBRUARY 1st WEEK ANALYSIS
Nifty Bank is looking uncertain for the upcoming week. We can expect it to remain volatile . We need to be cautious while chasing upside as 49887 is still a resistance for Bank Nifty. Up on crossing and sustaining above 49887, we can expect some short covering up to levels of 52150-52475. Upon breach of 48829, we can expect Bank Nifty to slip on the downside, up to the imp range of 48800-47890++. All levels are marked in the chart posted.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.