NIFTY BANK VIEW
Nifty Bank (25340)
Nifty Bank has a gap up pattern formation but gave a close near its stiff resistance of 25420-25470 on crossing this it can show 25520-25720. Pattern formation on daily and weekly charts are positive.
Many banking stocks too have positive formation which can drive the index to higher levels.
Support zone lies @ 25270-25160 zone.
Resistance zone for the week lies @ 25720-26000.
Nifty Bank (25340)
Nifty Bank has a gap up pattern formation but gave a close near its stiff resistance of 25420-25470 on crossing this it can show 25520-25720. Pattern formation on daily and weekly charts are positive.
Many banking stocks too have positive formation which can drive the index to higher levels.
Support zone lies @ 25270-25160 zone.
Resistance zone for the week lies @ 25720-26000.
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