Bank Nifty analysis 10/26
As Nifty is consolidating today and Global cues are positive we can expect BNF to move in sideways.
Can expect huge upward movement if it breaks R2 level and huge selling if it breaks S2 level.
All banking stocks are trend break support level expecting a huge volatility. Only SBI and ICICI showing buying patterns.
Resistance 2(R2) - 41800
Resistance 1(R1)- 41600
Support 1(S1) - 40700
Support 2(S2) -40450
Can expect huge upward movement if it breaks R2 level and huge selling if it breaks S2 level.
All banking stocks are trend break support level expecting a huge volatility. Only SBI and ICICI showing buying patterns.
Resistance 2(R2) - 41800
Resistance 1(R1)- 41600
Support 1(S1) - 40700
Support 2(S2) -40450
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