Technically, BANKNIFTY is still in positive zone but. BANKNIFTY would be considered weak below 24850 levels for bank Nifty. BANKNIFTY would see a reversal if it closes below 24850 levels. Overall, it is strong for long-term and Investors can go long at every dip. Bank Nifty may see some further temporary correction but traders should initiate short only below 24850 levels until then, every downfall is an opportunity to go long in the Bank Nifty. If bank nifty managed to close above 25150 levels. Or breaching this level, bank nifty would force it to move towards 25200-25260-25320-25500 levels.The range for bank nifty is 24800 on the downside and 25150 in the positive direction. once market closes above or below any of these levels, would be decided next movement of bank nifty.
DAILY CHART FOR BANKNIFTY
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