Market Trend Lab

Everyday Banknifty is making new low and lower high. Yesterday banknifty had tested 200 Week EMA @ 9080 but manage to close above it and it should be protected this week end also otherwise there will be more bearishness. Still it is trading within triangle and  downward channel and made a hammer candlestick pattern. Today banknifty has support around 9050-9100 zone and resistance around 9285-9350 zone. (Daily Chart) HAMMER CANDLESTICK PATTERN