Bank Nifty

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bearish in trend along with some corrections inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 26700. The downside rally could be testing all the way up to 26600-26400 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 26900-27100 levels. Key resistance holds at 27100.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bearish in trend along with some corrections inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 26850. The downside rally could be testing all the way up to 26700-26500 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 27050-27300 levels. Key resistance holds at 27300.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bearish in trend along with some corrections inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 26800. The downside rally could be testing all the way up to 26700-26500 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 27000-27200 levels. Key resistance holds at 27200.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bearish in trend along with some corrections inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 26950. The downside rally could be testing all the way up to 26800-26700 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 27150-27300 levels. Key resistance holds at 27300.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bearish in trend along with some corrections inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 27150. The downside rally could be testing all the way up to 27000-26900 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 27350-27500 levels. Key resistance holds at 27500.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bearish in trend along with some corrections inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 27200. The downside rally could be testing all the way up to 27000-26900 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 27350-27500 levels. Key resistance holds at 27500.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bullish in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum, once the same breaks below a key resistance holding at 27500. The upside rally could be testing all the way up to 27650-27800 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 27250-27050 levels. Key support holds at 27050.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bullish in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum, once the same breaks below a key resistance holding at 27500. The upside rally could be testing all the way up to 27650-27800 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 27250-27050 levels. Key support holds at 27050.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bullish in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum, once the same breaks below a key resistance holding at 27350. The upside rally could be testing all the way up to 27500-27650 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 27100-26900 levels. Key support holds at 26900.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up bearish in trend after few positive rallies inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 26950. The downside rally could be testing all the way up to 26800-26650 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 27200-27400 levels. Key resistance holds at 27400.

Research Report call: