Bank Nifty - Weekly , Daily and hourly analysis
In weekly TF there is a double bottom formation. Previous resistance was 44732 which has been broken. Now the current price is 44814 which is near by 45000 which will act as a resistance. But in longer TF 1 upside move is pending and the target will be 46100. 45745 level will also act as a resistance because there is a GAP
Now between the current price 44814 and 45745 there are 2 resistance level which is the round number 45000 and 45500.
In shorter time frame intraday trade there are 2 targets
1st - 45000 to 45191 and 2nd - 45462
44250 is a very good support level in 15 min time frame
Now between the current price 44814 and 45745 there are 2 resistance level which is the round number 45000 and 45500.
In shorter time frame intraday trade there are 2 targets
1st - 45000 to 45191 and 2nd - 45462
44250 is a very good support level in 15 min time frame
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