Today also Banknifty is not able to sustain above 11200 and finally also broken JBNSAR @11024 and went down upto 10714.05 which given gain of 300+ points in shorting.
Banknifty closed below 3DEMA & 7DEMA. I am presenting Daily,weekly and monthly chart of banknifty for further analysis:
In weekly chart banknifty closed within the channel. Channel support comes around 10700
Banknifty closed below 3DEMA & 7DEMA. I am presenting Daily,weekly and monthly chart of banknifty for further analysis:
(Daily Chart)
In daily chart banknifty closed below 3DEMA & 7DEMA which shows weakness
(Weekly Chart)
In weekly chart banknifty closed within the channel. Channel support comes around 10700
(Monthly Chart)
where as in monthly chart banknifty has given breakout from channet around 10600-650 zone and which may act now as support. It is interesting to watch whether banknifty monthly closes above the channel or not
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