RECAP
Last week bank nifty future did not trigger any trade for us as neither support nor reistance level came into play.
BANK NIFTY FUTURE WEEKLY OUTLOOK
BNF has closed just above support level of 9515 this week.
Reversal from 9515 will take BNF straight to 9605 and 9630 which are huge resistances for the week ahead.
Trading above 9655 with volumes will create a breakout trade in BNF which could easily take BNF to 9700 and 9750.
BNF will be weak only below 9480 which might bring correction in BNF prices to the extent of 9438, 9420, 9390.
NEXT : NIFTY weekly outlook
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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