Saturday, 26 August 2023

BANKNIFTY ANALYSIS 26-AUG-2023

BANKNIFTY @ 44231

RES: 44977/46403
Sup: 43634/38600
SUPPORT ZONE: 44500-43300

1. If 43634 breaks, downside can be 42550-42200, 41650-40950 can be seen (head and shoulder).
2. If 43634 hold supports and a break of 46400, we will see big rally towards 51K+.
As of now my view is NEUTRAL. BULL 50: BEAR 50.




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