Bank Nifty

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up bearish in trend retesting the previous support slope line of the channel as the same have already been broken out. The market is expected to continue on bearish momentum, testing all the way through 26350-26200 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over positive momentum. Key resistance holds at 27000 and support at 26200.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up bullish in trend as the prices have already broken out the channel’s support slope line. The market is expected to continue on bullish momentum, testing all the way through 26800-27000 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. Key resistance holds at 27000 and support at 26200.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bearish in trend as the prices have already broken out the channel’s support slope line. The market is expected to continue on bearish term, once the same breaks below a key support holding at 26200. The downside rally could test all the way through 26100-2600 levels in upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 26400-26600 levels. Key resistance holds at 27000.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bearish in trend near the channel’s support slope line. The market is expected to continue on bearish term, testing all the way through 26200-26000 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over positive momentum. The upside rally could test 26500-27000 levels. Key resistance holds at 27000 and support at 26000.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bearish in trend near the channel’s support slope line. The market is expected to continue on bearish term, testing all the way through 26300-26000 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over positive momentum. The upside rally could test 26800-27100 levels. Key resistance holds at 27100 and support at 26000.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up bearish in trend on a gap up formation inside the channel. The market is expected to continue on bullish term, testing all the way through 26850-27100 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. The downside rally could test 26500-26000 levels. Key resistance holds at 27100 and support at 26000.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up in consolidation retesting near the channel’s support slope line. The market is expected to continue on bullish term, testing all the way through 26800-27000 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. The downside rally could test 26400-26200-26000 levels. Key resistance holds at 27000 and support at 26000.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up in consolidation retesting near the channel’s support slope line. The market is expected to continue on bullish term, testing all the way through 26700-27000 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. The downside rally could test 26300-26000 levels. Key resistance holds at 27000 and support at 26000.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up in consolidation on a gap down formation near the channel’s support slope line. The market is expected to continue on bullish term, testing all the way through 26700-27000 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. The downside rally could test 26300-26000 levels. Key resistance holds at 27000 and support at 26000.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising channel” pattern. The last session ended up bearish in trend on a gap up formation after retesting the channel’s support slope line. The market is expected to continue on bullish term, testing all the way through 26700-27000 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. The downside rally could test 26400-26000 levels. Key resistance holds at 27000 and support at 26000.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising channel” pattern. The last session ended up retesting the channel’s support slope line. The market is expected to continue in bullish momentum, testing all the way through 26600-26800-27000 levels in upcoming sessions. Alternatively, if the market breaks below a key support holding at 26000 then it might turn bearish once again. The downside rally could test 25800-25600 levels. Key resistance holds at 27000.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising channel” pattern. The last session ended up retesting the channel’s support slope line. The market is expected to continue in bullish momentum, testing all the way through 26450-26600 levels in upcoming sessions. Alternatively, if the market breaks below a key support holding at 26000 then it might turn bearish once again. The downside rally could test 25800-25600 levels. Key resistance holds at 27000.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish in trend retesting a key resistance zone inside the channel. The market is expected to continue in bearish momentum, testing all the way through 26150-26000 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a correction over positive momentum. Key resistance holds at 27000 and support at 26000.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising channel” pattern. The last session ended up bearish in trend retesting a key resistance zone inside the channel. The market is expected to continue in bearish momentum, testing all the way through 26550-26400 levels in upcoming sessions. Alternatively, if the market breaks above the key resistance holding at 27000 then it might turn overall bullish once again. The upside rally could test 27200-27400 levels. Key support holds at 26400.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising channel” pattern. The last session ended up bullish in trend inside the channel. The market is expected to continue in bullish momentum, once the same breaks above the key resistance level holding at 27000. The upside rally could test all the way through 27200-27400 levels in upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 26800-26600-26400 levels. Key support holds at 26400.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising channel” pattern. The last session ended up bullish in trend retesting near the channel’s support slope line. The market is expected to continue in bullish momentum, testing all the way through 26500-26700 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a correction over negative momentum. The downside rally could test 26200-26000 levels. Key support holds at 25600.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising channel” pattern. The last session ended up bearish in trend retesting near the key resistance holding at 26700 inside the channel. The market is expected to continue in bearish momentum, testing all the way through 26150-26000 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a correction over positive momentum. The upside rally could test 26400-26600 levels. Key support holds at 25600.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising channel” pattern. The last few sessions ended up bullish in trend retesting the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 26700. The upside rally could test all the way through 26850-27000 levels in upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 26400-26200 levels. Key support holds at 26000.

Research Report call:

Technical outlook

Bank nifty 4hr chart has formed “Rising channel” pattern. The last few sessions ended up bullish in trend retesting the channel’s support slope line. The market is expected to continue in bullish momentum, testing all the way through 26450-26600 levels in upcoming sessions. Alternatively, if the market breaks below a key support holding at 26000 then it might turn bearish. The downside rally could test 25750-25600 levels. Key resistance holds at 26600.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising channel” pattern. The last session ended up bullish in trend retesting the channel’s support slope line. The market is expected to continue in bullish momentum, testing all the way through 26300-26600 levels in upcoming sessions. Alternatively, if the market breaks below a key support holding at 25600 then it might turn bearish. The downside rally could test 25300-25000 levels. Key resistance holds at 26600.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish in trend as the prices have broken out the channel’s support slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 25600. The downside rally could test all the way through 25500-25400 levels in upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 25800-26000 levels. Key resistance holds at 26600.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish in trend near the channel’s support slope line. The market is expected to retest the support slope line once again and turn bullish, testing all the way through 26200-26400-26600 levels in upcoming sessions. Alternatively, if the market breaks below a key support holding at 25650 then it might continue in bearish momentum. The downside rally could test 25450-25350 levels. Key resistance holds at 26600.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish in trend near the channel’s support slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 25650. The downside rally could test all the way through 25500-25400 levels in upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 25800-26000 levels. Key resistance holds at 26600.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish inside the channel. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 25800. The downside rally could test all the way through 25700-25600 levels in upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 26000-26200 levels. Key resistance holds at 26550.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bearish retesting inside the channel. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 25900. The downside rally could test all the way through 25800-25600 levels in upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 26200-26400-26650 levels. Key resistance holds at 26550.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up bearish retesting near the channel’s resistance slope line. The market is expected to continue in bearish momentum, testing all the way through 26100-25900 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over positive momentum. Key resistance holds at 26550 and support at 25900.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up consolidated retesting near the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 26550. The upside rally could test all the way through 26700-26800 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 26200-25900 levels. Key support holds at 25900.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bullish retesting the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 26550. The upside rally could test all the way through 26700-26800 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 26200-25900 levels. Key support holds at 25900.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up bullish retesting the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 26450. The upside rally could test all the way through 26600-26800 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 26200-25900 levels. Key support holds at 25900.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up retesting a key resistance holding at 26250. The market is expected to continue in bearish momentum, testing all the way through 26000-25800-25400 levels in upcoming sessions. Alternatively, if the market breaks above the key resistance then it might turn bullish once again. The upside rally could test 26400-26600 levels. Key support holds at 25400.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Ascending broadening wedge” pattern. The last session ended up bullish in trend near a key resistance holding at 26200. The market is expected to continue in bullish momentum, once the same breaks above the key resistance. The upside rally could test all the way through 26300-26400 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 26100-26000 levels. Key support holds at 25400.

Research Report call:

Technical outlook

Bank nifty 4hr chart has formed “Ascending broadening wedge” pattern. The last session ended up consolidated near a key resistance holding at 26150. The market is expected to continue in bullish momentum, once the same breaks above the key resistance. The upside rally could test all the way through 26250-26400 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 26000-25800 levels. Key support holds at 25800.

Research Report call:

Technical outlook

Bank nifty 4hr chart has formed “Ascending broadening wedge” pattern. The last session ended up bullish in trend inside the channel. The market is expected to continue in bullish momentum, testing all the way through 26000-26150 levels in upcoming sessions. Alternatively, if the market breaks below a key support holding at 25400 then it might turn bearish. The downside rally could test 25200-25000 levels. Key resistance holds at 26150.

Research Report call:

 Technical outlook

Bank nifty 4hr chart has formed “Ascending broadening wedge” pattern. The last few sessions seems still consolidated inside the channel. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 25800. The upside rally could test all the way through 26000-26200 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 25600-25400 levels. Key support holds at 25400.

Research Report call:

Technical outlook

Bank nifty 4hr chart has formed “Ascending broadening wedge” pattern. The last few sessions seems still consolidated inside the channel. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 25800. The upside rally could test all the way through 26000-26200 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 25600-25400 levels. Key support holds at 25400.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Inverse Head & shoulders” pattern. The last few sessions seems still consolidated as the prices have already broken out the pattern’s neckline. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 25750. The upside rally could test all the way through 25900-26200 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 25500-25400 levels. Key support holds at 25400.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Inverse Head & shoulders” pattern. The last few sessions seems consolidated as the prices have already broken out the pattern’s neckline. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 25750. The upside rally could test all the way through 25900-26200 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 25500-25400 levels. Key support holds at 25400.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Inverse Head & shoulders” pattern. The last few sessions been bearish in trend after retesting the neckline of the pattern. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 24800. The downside rally could test all the way through 24600-24400 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 25000-25200-25400 levels. Key resistance holds at 25400.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Inverse Head & shoulders” pattern. The last session ended up consolidated but bullish in trend. The market is expected to continue in bullish momentum, testing all the way through 25200-25400 levels in upcoming sessions. Alternatively, if the market breaks below the key support holding at 24800 then it might turn bearish. The downside rally could test 24600-24200 levels. Key resistance holds at 25400.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Inverse Head & shoulders” pattern. The last few sessions ended up bearish in trend retesting near the pattern’s neckline. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 24800. The downside rally could test all the way through 24600-24400 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 25000-25250 levels. Key resistance holds at 25400.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Inverse Head & shoulders” pattern. The last few sessions ended up bearish in trend retesting near the pattern’s neckline. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 24800. The downside rally could test all the way through 24600-24400 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 25000-25250 levels. Key resistance holds at 25400.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Inverse Head & shoulders” pattern. The last few sessions ended up bearish in trend retesting near the pattern’s neckline. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 25000. The downside rally could test all the way through 24900-24800 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 25200-25400 levels. Key resistance holds at 25400.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Inverse Head & shoulders” pattern. The last sessions ended up bearish in trend retesting near the pattern’s neckline. The market is expected to continue in bearish momentum, once the same breaks above the key support holding at 25000. The downside rally could test all the way through 24900-24800 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 25200-25400 levels. Key resistance holds at 25400.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Inverse Head & shoulders” pattern. The last session has formed a “Hammer” candlestick pattern which can be read as a trend reversal one. The market is expected to retest near the neckline resistance level at 25400 and turn bearish. The downside rally could test all the way through 25200-25000 levels in upcoming sessions. Alternatively, if the market breaks above the resistance level then it might continue in bullish momentum. The upside rally could test 25500-25600 levels. Key support holds at 25000.

Research Report call:

Technical outlook

Bank nifty 4hr chart has formed “Inverse Head & shoulders” pattern. The last sessions ended up bullish in trend near the pattern’s neckline where the resistance holds at 25350. The market is expected to continue in bullish momentum, once the same breaks above the resistance level. The upside rally could test all the way through 25500-25700 levels in upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 25200-25000 levels. Key resistance holds at 25000.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Descending broadening channel” pattern. The last session ended up bearish in trend retesting near the major resistance holding at 25300, as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the major resistance. The upside rally could test all the way through 25450-25700 levels in upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 25100-24800 levels. Key support holds at 24800 and major support at 23600.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Descending broadening wedge” pattern. The last session ended up bullish in trend retesting the major resistance holding at 25300, as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the major resistance. The upside rally could test all the way through 25450-25600 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 25000-24800 levels. Key support holds at 24800 and major support at 23600.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Descending broadening wedge” pattern. The last session ended up retesting the major resistance holding at 25300, as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bearish momentum, testing all the way through 24950-24800 levels in upcoming sessions. Alternatively, if the market breaks above the resistance level then it might continue in bullish momentum. The upside rally could test 25500-25700 levels. Key support holds at 24800 and major support at 23600.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Descending broadening wedge” pattern. The last few sessions ended up bullish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 24300. The upside rally could test all the way through 25400-25600 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 25000-24800 levels. Key support holds at 24800 and major support at 23600.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Descending broadening wedge” pattern. The last few sessions ended up bullish in trend as the prices have broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 25200. The upside rally could test all the way through 25400-25600 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 25000-24800 levels. Key support holds at 24800 and major support at 23600.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Descending broadening wedge” pattern. The last few sessions ended up bullish in trend near a major resistance level holding at 24900. The market is expected to continue in bullish momentum, once the same breaks above the resistance level. The upside rally could test all the way through 25100-25300 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 24700-24400 levels. Key support holds at 24100 and major support at 23600.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Descending broadening wedge” pattern. The last session ended up bullish in trend near the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 24900. The upside rally could test all the way through 25100-25300 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 24700-24400 levels. Key support holds at 24100 and major support at 23600.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Descending broadening wedge” pattern. The last session ended up bearish in trend after retesting a key resistance holding at 24600. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 24100. The downside rally could test all the way through 23900-23600 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 24300-24600 levels. Major support holds at 23600.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Descending broadening channel” pattern. The last few sessions been bullish in trend after retesting a key support holding at 24100. The market is expected to continue in bullish momentum, once the same breaks above the major resistance holding at 24600. The upside rally could test all the way through 24750-24900 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 24400-24150 levels. Major support holds at 9950.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Descending broadening wedge” pattern. The last session been bullish in trend and has formed a “Hammer” like candlestick pattern which could be read as a trend reversal once. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 24100. The downside rally could test all the way through 23900-23600 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 24500-24700-24900 levels. Major resistance holds at 24900 and major support at 23600.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Descending broadening wedge” pattern. The last session been consolidated but bearish in trend. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 24100. The downside rally could test all the way through 23900-23600 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 24500-24900 levels. Major resistance holds at 24900 and major support at 23600.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Descending broadening wedge” pattern. The last session been bullish in trend and has formed a “Hammer” candlestick pattern which could be read as a trend reversal one. The market is expected to retest a resistance level holding at 24550 and turn bearish. The downside rally could test all the way through 24250-24000 levels in the upcoming sessions. Alternatively, if the market breaks above the resistance then it might continue in bullish momentum. The upside rally could test 24750-24900 levels. Key Resistance holds at 24900 and support at 23600.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Descending broadening wedge” pattern. The last session been bullish in trend after retesting the key support level holding at 23600. The market is expected to continue in bullish momentum, testing all the way through 24500-24700-24900 levels in the upcoming sessions. Alternatively, the market might also have a chance on giving a correction over negative momentum. Major resistance holds at 24900.

Research Report call:

Technical outlook

Bank nifty daily chart has formed “Descending broadening wedge” pattern. The last session consolidated near a key support level holding at 23600. The market is expected to retest the support and turn bullish. The upside rally could test all the way through 26800-24000 levels in the upcoming sessions. Alternatively, if the market breaks below the support then it might turn bearish. The downside rally could test 23500-23400 levels. Previous support becomes resistance at 24100.

Research Report call:

Technical outlook

Bank nifty 4hr chart has formed “Descending broadening wedge” pattern. The last few sessions been bearish in trend and has ended up near a major support level holding at 24050. The market is expected to continue in bearish momentum, once the same breaks below the support. The downside rally could test all the way through 23950-23800 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 24200-24400 levels. Major Resistance holds at 25000.

Research Report call: