Weekly Market Forecast: Nifty & Bank Nifty Set for Major Moves!
Nifty and Bank Nifty are poised for a strong upside move if they break their respective resistance.
Nifty Resistance : 25300 - 25500 , Above this should open doors for 25800-26200 levels soon!!
If Nifty does not clear 25500 then it will be considered as double top pattern.
Currently Nifty is also showing negative divergence in daily chart.
Bank Nifty has given a trendline breakout, looking for a strong movement above its resistance zone 51400 -51700, above this it will try and test previous ATH levels.
if fails then should see 50990-50500 levels again.
Nifty Resistance : 25300 - 25500 , Above this should open doors for 25800-26200 levels soon!!
If Nifty does not clear 25500 then it will be considered as double top pattern.
Currently Nifty is also showing negative divergence in daily chart.
Bank Nifty has given a trendline breakout, looking for a strong movement above its resistance zone 51400 -51700, above this it will try and test previous ATH levels.
if fails then should see 50990-50500 levels again.
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