CHART ANALYSIS OF BANK NIFTY FOR 23RD FEB 2022

22 בפבר׳ 2022

Bank Nifty is always respecting the DAILY TRENDLINE. Not a single day it has given a closing below the trendline which indicates an upward trend slowly & steadily. On the upside, it is respecting the 1H TRENDLINE which is acting as a dynamic resistance. So, 38100 will act as a key resistance. The area between 37600 & 37675 will act as an intraday resistance. One should plan their long trades above 37650. Tomorrow's market can be consolidative because the INDIA VIX has to cool down a little.