Banknifty Weekly chart shows no clear trend
7th May 2016
BankNifty Weekly chart: Showing long term downward trend since Feb 2015. But its in short term uptrend since last 2 months lying currently at Support line @ 16300 and strong resistance at 16600.
If its unable to cross 16600-16800 then it can slide below 13000 also.
BankNifty Weekly chart: Showing long term downward trend since Feb 2015. But its in short term uptrend since last 2 months lying currently at Support line @ 16300 and strong resistance at 16600.
If its unable to cross 16600-16800 then it can slide below 13000 also.
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