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Nifty Bank Index

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BANKNIFTY Despite 300 odd pts range the makings are that of a neutral day 50 pt peeps abv below IB Usually ends doji like 50 pts close-open probably Trump wa to spell out penal tariff on India tonight ;)

BANKNIFTY Much better today Dbl bottm shottm Neckline retest 55580 ADR 55610 nearest virgin PoC

BANKNIFTY is at bottom of the channel and still oscillator looks weak, if BANKNIFTY fails to hold above ₹55150 it will go down till ₹54600.
BANKNIFTY is also went far avay from 100DMA(54690) that correction may also took place as 100DMA(54690) was hold very closely in previous uptrend.
VWAPS are showing buyers are losses from start of this channel/ low of the channel/high of the channel. If it didn’t hold this channel this week and reverse there are high chances BANKNIFTY falling to bottom of the channel to between ₹54054-₹53483.
Snapshot


BANKNIFTY Yeh bears bhag kyun raha hai Kal RBI policy hai ;) Though cut unlikely this time

BANKNIFTY Yahin se phir niche jana chahiye Leg to 55-55050 At the most 370 brkdwn lvl retest Uska uppar hope for bulls but structurally unlikely

BANKNIFTY Arre Yeh toh bear phase jaise baan raha hai Mushkil below 55k Trump wa ne maar dala ;)