As many readers have requested weekly analysis of BNF, here we go....
BANK NIFTY
Bank Nifty has crossed and closed above near term trend line which indicates bullishness.
For the week ahead trend line at 9120 will hold fortunes of Bank Nifty. If BNF is able to take support at 9120, it will straight away move to 9305 and 9350.
On the other hand breaking and trading below 9087, will induce a short term correction in BNF prices , which could take the index to even 8970 with minor
supports at 9047 and 9000.
It promises to be yet another suffocating week for traders next week. Let us see how it turns out !!!
You can find weekly analysis of nifty future here
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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