Praveen

Praveen Updated 

NSE:BANKNIFTY Bank Nifty - Weekly trade - BEARISH View - 28th Dec EOD BN has fallen towards the end of the day. BN has given a RED candle in HA hourly chart. The RSI has also gone below it's 14d average. There is strong resistance at 43000 & the bounce back in the recent fall has happened at 41500. Hence, that might act as a support this time. So, my...

Praveen

Nifty has been trading in the upward sloping channel for the past 6 months. However, it seems to be slipping below the lower range on the weekly chart today. If Nifty closes below 8720 today, Short Nifty with Stop Loss of 8750 for flexible lower targets of 8580.