Today 10650-700 zone provided good support as discussed on 22nd feb that weekly channel supports comes around 10700 and monthly channel breakout zone was 10600-650 and daily 3EMA & 7EMA acted as strong resistance to sustain.
I am presenting weekly and monthly chart.
I am presenting weekly and monthly chart.
(Weekly chart)
During the day banknifty has broken the channel support but managed to close within the channel.
(Monthly chart)
10600-650 is a breakout point of month from which it fired upto 11200
there is no weakness in monthly chart. so expecting 10600 as a good support
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